We revisit parallel-innermost term rewriting as a model of parallel computation on inductive data structures and provide a corresponding notion of runtime complexity parametric in the size of the start term. We propose automatic techniques to derive both upper and lower bounds on parallel complexity of rewriting that enable a direct reuse of existing techniques for sequential complexity. Our approach to find lower bounds requires confluence of the parallel-innermost rewrite relation, thus we also provide effective sufficient criteria for proving confluence. The applicability and the precision of the method are demonstrated by the relatively light effort in extending the program analysis tool AP ROVE and by experiments on numerous benchmarks from the literature.