Case Study: Tandems reduces merit cycle time by 60% with CandorIQ

How a global org automated their merit cycle from 3 months to 3 weeks

sigfig, a financial services firm, sought to modernize its highly manual and time-consuming merit cycle process for compensation and equity adjustments. Their HR team was spending months on data collection, stakeholder alignment, and calibration in spreadsheets, creating challenges with retaining talent, benchmarking confidence, and manager experience. They partnered with CandorIQ to implement its compensation platform to address these pain points.

By utilizing CandorIQ's tools for budgeting scenarios, compa-ratio analysis, and employee leveling, sigfig automated its previously manual workflows. The solution provided critical collaboration and visibility, freeing the HR team from endless emails and spreadsheets. This resulted in a 60% reduction in the total time spent on the merit cycle, saving five weeks of leadership time and 240 hours of manual HR work, allowing for a greater focus on strategic initiatives.

sigfig

Liz Ridge

Head of People