CandorIQ

CandorIQ is a unified platform designed to optimize workforce management by streamlining compensation, headcount planning, and retention for people-focused organizations. It delivers real-time insights and automation to support HR leaders in data-driven decision making across compensation, headcount, and employee total rewards.

Key Capabilities

• Compensation & Total Rewards: Build structured job architectures, design fair pay ranges, run merit cycles, and provide employees with transparent total rewards information.
• Headcount Planning: Plan, forecast, and allocate resources to meet workforce needs; manage headcount requests and approvals.
• Workforce Management: Manage pay ranges aligned with market standards and integrate AI-driven recommendations for smarter spend.
• People Analytics & AI Agent: Transform data into actionable insights, highlight risks, and simplify reporting using an AI agent; leverage GenAI for pay range optimization and faster decision making.
• Budget & Spend Forecasting: Forecast workforce costs and simulate scenarios considering budgets, growth, and performance data.
• Offers & Talent: Generate competitive candidate offers quickly and tailor them to top talent.
• Integrations: Seamless integration with popular HRIS platforms (e.g., Workday, Greenhouse, Paylocity) to ensure smooth data flow and alignment with existing workflows.

How CandorIQ Helps Various Roles

• People Leaders: Predict turnover risks and design smart compensation plans to keep employees engaged.
• Finance Leaders: Streamline budgets for headcount and compensation with AI-powered recommendations.
• Executives & Managers: Simplify merit cycles and align compensation with company goals.
• Employees & Candidates: Provide clear visibility into total rewards via a dedicated portal.
• Recruiters & Talent Leaders: Create competitive offers quickly to accelerate onboarding.
• People Ops & Comp Analysts: Make real-time, data-driven decisions on pay ranges and headcount management.

Core Products and How They Work

• Compensation & Payband Builder: Simulate various workforce scenarios to optimize headcount decisions.
• Headcount Scenario Planning: Forecast and allocate resources to meet workforce needs.
• Headcount Requests & Approvals: Streamline approval workflows aligned with budgets and strategic goals.
• Workforce Management: Build and manage competitive, fair pay ranges consistent with market standards.
• Compensation Cycle: Run merit cycles rapidly with AI-driven recommendations to boost performance.
• Employee Total Rewards: Provide transparency into compensation and benefits.
• Candidate Offers: Generate and send customized, competitive offers quickly.
• People Analytics: Access essential employee data with actionable insights highlighted on the dashboard.
• AI Agent: Turn data into decisions, surface insights, identify risks, and simplify reporting.
• AI-Driven Workforce Planning: Use AI to suggest optimal pay ranges based on internal data and market trends.
• Budget & Spend Forecasting: Model scenarios factoring budgets and performance data to forecast spend.
• Results & Case Studies: Demonstrated improvements include faster merit cycles, reduced churn, and significant headcount savings.

Frequently Referenced Outcomes

• 50% reduction in hiring time
• 2.5x faster merit cycles
• 25% reduction in employee churn
• $500k+ saved on headcount annually

Integrations

• Connects with HRIS/ATS/Captable systems to align with existing workflows. Examples include Workday, Greenhouse, and Paylocity.

How to Get Started

• Book a Demo to explore AI features and see how CandorIQ can optimize your workforce planning and compensation strategy.

Safety & Compliance Considerations

• Ensure data privacy and governance while leveraging AI-powered insights and automations.

• Unified platform covering compensation, headcount planning, and workforce management
• Real-time insights and AI-assisted recommendations for pay, headcount, and retention
• AI Agent for actionable insights, risk identification, and streamlined reporting
• GenAI capabilities for advanced people analytics and optimal pay range suggestions
• Salary benchmarking and market-aligned pay ranges
• Merit cycle automation with AI-driven recommendations
• Candidate offers generation and onboarding-ready templates
• Transparent employee total rewards portal
• Seamless integrations with major HRIS/ATS systems
• Scenario planning and budget/ spend forecasting