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What is Parity Software?

Parity Software has transformed the intricate pay equity landscape into a streamlined automated system, empowering you to confidently guarantee that your workforce is compensated fairly. Companies that foster inclusive environments tend to retain employees who feel valued, respected, motivated, and inspired to reach their full potential. By efficiently categorizing comparable roles and performing thorough pay analyses, Parity Software helps you effectively uphold internal pay equity across your organization, even as your team evolves and grows. We play a crucial role in ensuring compliance and reducing risks tied to pay discrepancies. Moreover, when workers recognize fairness in their salaries, they are less likely to explore new job opportunities. Collaboratively, we can foster a transparent environment that builds trust and emphasizes the significance of equitable compensation within your company. This dedication not only boosts employee satisfaction but also enhances the overall morale of the organization, creating a positive feedback loop that benefits everyone involved. Ultimately, a strong commitment to fair pay practices can lead to a more engaged and productive workforce.

What is OpenComp?

Evaluate how your company's pay structures align with what is typical in your industry. We help identify market costs while formulating strategic plans to keep you competitive. Ensuring pay equity across your organization is essential. OpenComp can reveal inconsistencies in pay equity concerning gender and ethnicity, allowing you to quickly address and correct these imbalances. Formulate diverse growth strategies for the future while forecasting cash and equity spending for each potential scenario. Apply accurate location models to ensure compensation is aligned properly. OpenComp aids in adapting your compensation philosophy as teams become more geographically diverse. Design fair job offers and assess compensation requests from potential hires by directly comparing them to market standards. Gain access to regularly updated market data from various reliable sources. Our intuitive tools enable you to implement your compensation strategies seamlessly. Additionally, you will receive analytics and insights that track the success of your compensation programs and spot trends, ensuring a proactive stance in your strategy. This thorough examination not only supports maintaining competitiveness but also cultivates an equitable work environment for all employees, which is vital for long-term success. By fostering transparency and fairness in compensation, you can build a stronger workforce committed to your organization’s goals.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

$150 per month
Free Trial Offered?
Free Version

Pricing Information

$9 per user per month
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Parity Software

Company Location

United States

Company Website

www.paritysoftware.com

Company Facts

Organization Name

OpenComp

Date Founded

2021

Company Location

United States

Company Website

www.opencomp.com

Categories and Features

Categories and Features

Compensation Management

Bonus Management
Compensation Assessment
Compensation Calculation
Compensation Plan Modeling
Compensation Statements
Employee Reward Programs
Incentive Programs
Organizational Charting
Salary Planning

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