Glossary

CandorIQ glossary

A comprehensive list of terms and definitions to help you better understand key concepts and terminology.

Compensation & Pay Structures

Base Salary

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Bonus Structure

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Compa Ratio

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Cost of Labor vs. Cost of Living

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Cost of Labor vs. Cost of Living

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Equity Compensation

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Incentive Pay

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Market Adjustment

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Merit Increase

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On-Target Earnings (OTE)

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Pay Compression

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Pay Equity

Learn how strategic headcount planning helps HR and Finance align on workforce needs, control budgets, and support business growth with the right talent at the right time.

Pay Range

Learn how strategic headcount planning helps HR and Finance align on workforce needs, control budgets, and support business growth with the right talent at the right time.

Pay Transparency

Learn how strategic headcount planning helps HR and Finance align on workforce needs, control budgets, and support business growth with the right talent at the right time.

Performance-Based Pay

Learn how strategic headcount planning helps HR and Finance align on workforce needs, control budgets, and support business growth with the right talent at the right time.

Salary Range

Learn how strategic headcount planning helps HR and Finance align on workforce needs, control budgets, and support business growth with the right talent at the right time.

Total Compensation

Learn how strategic headcount planning helps HR and Finance align on workforce needs, control budgets, and support business growth with the right talent at the right time.

Variable Pay

Learn how strategic headcount planning helps HR and Finance align on workforce needs, control budgets, and support business growth with the right talent at the right time.

Workforce Planning & Headcount

Attrition Rate

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Backfill

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FTE (Full-Time Equivalent)

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Headcount Planning

Learn how strategic headcount planning helps HR and Finance align on workforce needs, control budgets, and support business growth with the right talent at the right time.

Org Chart

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Scenario Planning

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Span of Control

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Talent Mapping

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Workforce Budgeting

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Workforce Forecasting

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Compensation Cycles & HR Processes

Calibration Process

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Career Leveling

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Compensation Review

Learn how strategic headcount planning helps HR and Finance align on workforce needs, control budgets, and support business growth with the right talent at the right time.

Internal Mobility

Learn how strategic headcount planning helps HR and Finance align on workforce needs, control budgets, and support business growth with the right talent at the right time.

Job Architecture

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Merit Cycle

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Pay for Performance

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Performance Review

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Promotion Cycle

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Salary Benchmarking

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HR & Finance Collaboration

Approval Workflows

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Budget vs. Actuals

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Cap Table

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HRIS (Human Resource Information System)

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People Analytics

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Total Rewards Strategy

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Compliance & Policy

Compensation Philosophy

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EEO-1 Reporting

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External Benchmarking

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Fair Pay Act

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Internal Equity

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Job Classification

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Pay Transparency Laws

Learn how strategic headcount planning helps HR and Finance align on workforce needs, control budgets, and support business growth with the right talent at the right time.