Figures vs Parity Software

Figures is a compensation-management platform for mid-market and enterprise companies. Figures Benchmark provides 500,000+ compensation data points, including real-time fixed and variable pay, company-profile filters, and data-quality indicators; setup requires job levels. Structure adds salary bands, Pay Equity Foundations, compliant gender-pay-gap reports, automated employee information letters, and analytics. Companion adds annual and off-cycle compensation reviews, decision-history tracking, secure manager access, and advanced analytics showing review impact on pay equity. Pay Equity Expert provides advanced pay-gap analysis, worker-category breakdowns, remediation scenarios, and, depending on plan, automated remediation review campaigns. Figures connects with 30+ HRIS and review systems and supports SSO, role-based access, and least-privilege controls. The company says data is stored in Europe through AWS using aggregated de-identified benchmark data. Figures states SOC 2 Type 2 and ISO 27001 certification and GDPR compliance.

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.