WageLINK’s Compensation Survey Online Application Receives U.S. Patent #7,620,654
West Islip, NY, November 2009—WageLINK, LLC, a compensation information and consultancy firm based on Long Island, announces that they have been awarded a patent by the U.S. Patent and Trademark Office for their proprietary website application. Through the WageLINK application, participating companies are able to create their own unique salary surveys on the Internet. Organizations with formal pay plans, and even those without formal pay plans, are empowered through the use of current labor market data to evaluate their pay structures and policies, ensuring that they are able to maintain a competitive position in the labor market. This is in contrast to currently published salary surveys that are often limited in the number and types of jobs that are represented, and in the manner in which survey data are presented.
According to WageLINK president Ted Turnasella, “we feel that this patent recognizes the truly unique nature of this new approach to salary surveys. For the first time, human resources managers can feel confident that their compensation packages are competitive within their industry or local area.”
WageLINK provides a system that enables the members to determine which jobs they want to survey, as well as the profile of member companies to be polled is to be (e.g., industry and size). Using this approach, WageLINK provides the most timely, high-quality information available on competitive wages for member companies.
Launched in 2002, WageLINK currently hosts survey groups in multiple industries. The company headquarters are located in West Islip, NY. Their website may be visited at www.wagelink.net.
