Diversity & Inclusion: Making Freddie Mac Stronger
At Freddie Mac, we recognize that having a diverse workforce is essential to our business, our mission and the critical role our company is playing to support the nation’s housing recovery. Having a diverse range of experiences, backgrounds, and perspectives helps us more effectively understand and serve the nation’s homeowners, renters and our communities.
Freddie Mac’s workplace is diverse, with almost 50 percent of our population female and 48 percent minority. Last year, minorities made up 44 percent of total new hires and nearly half of all promotions. Also, 30 percent of our employees holding senior management positions are minorities – and more than 50 percent are African American. Moreover, our staff is also rich in cultural and ethnic diversity with individuals who come from dozens of nations and speak many languages. We currently have 415 foreign nationals, representing 27 different countries and 26
different native languages. Networking & Mentoring
Freddie Mac supports the growth and engagement of diversity through its employee network groups. Seven employee network groups offer opportunities for professional development as well as an open and inclusive environment for networking and sharing.
Groups host frequent events that include speaking engagements, leadership panels, career coaching and other cultural activities. These groups also support our core work by helping the business areas better understand and reach diverse communities. More than 25 percent of our employees have joined these groups.
For example, recent activities for ARISE (African-Americans, Resources, and Information Sharing for Everyone)—which promotes personal and professional growth for African Americans--have included guest speakers presenting on topics such as African American ancestry and African American
entrepreneurs, as well as career development workshops. Education & Professional Development
In 2010, Freddie Mac continued to engage its employees through education and professional development programs. Freddie Mac University (FMU), the company’s integrated online and instructor-led learning curriculum, provides learning development opportunities in a variety of areas including cross- cultural competency, unconscious bias, micro-inequities, cross- generational workforce, as well as self-efficacy training across demographic groups. Last year, more than 40 percent of our workforce participated in diversity education and training.
We also provide development opportunities through our “Leadership Talent Review” Succession Planning Program. Using this process, we identify high-potential employees for open positions, create customized development plans and recommend opportunities for external executive education, coaching, mentoring, 360-degree feedback and strategic job assignments.
In addition, we encourage employees to participate in external professional development programs by organizations such as National Black MBA, National Association of Black Accountants and Executive Leadership Council. Freddie Mac has established long-term relationships with these and other groups, and often participates in and supports their events.
Governance & Results
We continue to build on our commitment to developing business strategies that are focused on the needs of a diverse workforce and workplace. Our Office of Diversity, Inclusion and Community Engagement is led by Senior Vice President and Chief Diversity Officer, Subha Barry, and is tasked with helping the company meet its business, community relations, and mission objectives while at the same time directly impacting organizational culture and representing our social engagement and responsibility views.
In addition, we established an Executive Diversity Council to ensure a proper balance of unique perspectives and ideas within our officer and senior director ranks. The Council is led by our CEO, Ed Haldeman, and is comprised of other senior leaders, as well as members drawn from our employee population.
Our diversity and inclusion efforts have consistently earned us recognition as an “employer of choice” and “best place to work” by prominent diversity and inclusion-focused publications and organizations.
Our company is at the heart of an historic transformation in one of the most important sectors of the economy. Freddie Mac presents a rare career opportunity to do work that matters to families, the future of the housing finance system, and the economy. It’s our diversity that helps us understand the communities we serve and enriches our own personal and professional development.
To learn more about Freddie Mac, our support for diversity and opportunities currently available, visit
FreddieMacDiversity.jobs
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100