Parity Software vs PayStandards PayAudit

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.

PayStandards PayAudit is web software for organizations making compensation decisions, including year-end reviews. It generates tailored pay recommendations using employee performance, internal job value, market benchmarks, and compliance. Its predicted-pay algorithm is designed to surface pay risks and support defensible decisions, while risk assessment helps organizations shape mitigation strategies for their pay systems and budgets. The platform can use employee data to optimize pay decisions; PayStandards lists zero budget impact as a benefit. For analysis, users can apply more than 30 in-platform data transformations and organize employees into workspaces by country, level, or other criteria, helping audits account for local regulations. On-demand refreshes can keep analyses current. PayStandards says its platform connects with any HCM platform and HR data source, with tailored integration support available. The product is positioned to detect non-compliance and reduce legal and reputational exposure. PayStandards says it is certified and audited for SOC 2 Type 2, and customer data is isolated per customer and encrypted in transit and at rest. PayAudit runs on the web; pricing is on request.