Frequently Asked Questions
WorldatWork Acquisition of ITAC
January 2005

What are WorldatWork and ITAC?

WorldatWork is the world's leading not-for-profit professional association dedicated to knowledge leadership in compensation, benefits and total rewards. Founded in 1955, WorldatWork is based in Scottsdale, AZ and focuses on human resources disciplines associated with attracting, retaining, and motivating employees.

Founded in 1993, the International Telework Association and Council is a not-for-profit organization dedicated to advancing the growth and success of work independent of location. ITAC includes Fortune 500 firms and federal government agencies as its members.

Both WorldatWork and ITAC are 501(c)(3) not-for-profit organizations.

What are some of the key details of the acquisition?

On January 1, 2005, WorldatWork acquired all of the assets of ITAC and ITAC is now identified as ITAC, the Telework Advisory Group for WorldatWork. For 2005, the ITAC dues structure and many of the member services will continue as they have in 2004. WorldatWork has asked seven ITAC members who have formerly held leadership positions in the association to continue as volunteer advisors during this transition period.

ITAC members can now attend both the WorldatWork and the AWLP Conferences (AWLP is a WorldatWork affiliate) at the preferred member rates. WorldatWork is planning to hold a telework conference in the Washington, DC area in September, as ITAC has done for the past several years.

How does ITAC benefit from the WorldatWork acquisition?

WorldatWork provides ITAC with strong financial backing and staff resources. These key assets will help improve telework knowledge, facilitate wider dissemination of telework information, and advance the concepts and reality of “people working from anywhere.” WorldatWork has 23,000+ members that represent an important community to advance telework by private and public sector employers.

How does WorldatWork benefit from acquiring ITAC?

During the past few years, WorldatWork has expanded its mission from “compensation and benefits” to “total rewards,” which encompasses all of the ways that employers reward their employees - including compensation, benefits, and tools to enhance work-life effectiveness. Recent surveys indicate that employees value work-life effectiveness, and that this framework for the employer-employee relationship is becoming increasingly important to attracting, retaining, and motivating employees. The acquisition of ITAC, along with AWLP becoming part of the WorldatWork family of organizations, enables WorldatWork to better address total rewards.

Who can I contact for more information?

[email protected]. In addition, WorldatWork Customer Relationship Services can answer questions about the acquisition. WorldatWork can be reached toll-free at 877/951-9191.

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