EquityPath vs Parity Software

EquityPath helps HR professionals and attorneys identify and measure potential wage disparities across races and genders among similar workers, then model or make wage adjustments. Its graphical interface supports analysis from large groups down to individual jobs at individual establishments. Users can adjust group wages based on individual shortfalls or change employee wages individually. Statistical testing, explanatory variables, and reports support management, regulatory or legal filings, and technical analysis. Deluxe and Premium add statistical tests for EEO-1 Component 2 tables and automatic construction of EEO-1 tables for filing. Premium also includes AI compensation optimization, task assignments, progress reporting, and a team leader approval tool. It runs on the web or can be self-hosted, including on the maker’s servers, on-premise, or with a third-party provider such as AWS. A free trial can use test data or customer data on a secure server. Plans require a one-year contract and cost $1.00, $2.00, $3.00, or $4.00 per year per employee for Overview, Standard, Deluxe, or Premium, respectively; companies over 1,000 employees are directed to request special pricing.

Parity Software is a cloud-based tool for organizations assessing whether employee compensation is internally equitable. It groups comparable jobs and analyzes pay to support internal pay reviews. The job valuation module automates job banding and generates printable job descriptions; the employee valuation module provides pay equity worksheets and demographic reporting. Listed plans also include “what if” pay scenarios for evaluating compensation changes. The service runs in a web browser without a software download, and the maker describes it as designed by HR professionals for HR professionals. A free trial costs nothing and covers up to three employees, three job descriptions, pay equity analysis, demographic reporting, and scenarios. Paid monthly plans start at $150 a month; annual options include Business at $1,600 a year, Company at $6,700 a year, and Enterprise at $10,800 a year. Limits on employees, job descriptions, users, and analysis groups vary by plan. One-time expert setup is available. Customers may switch plans or cancel, though early cancellation of an annual subscription incurs the difference between monthly and annual charges.