Fannie Mae

  www.fanniemae.com
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2 people found this helpful  

Excellent benefits. Bad management.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Anonymous Employee  in  Addison, TX
Current Employee - Anonymous Employee in Addison, TX

Pros

-Excellent benefits. Truly outstanding.
-Decent pay.
-Opportunity to set own work hrs.
-Not typically micro-managed.
-Occasional opportunties to work overtime, and earn some extra pay.
-Monthy appt set in stone with manager to discuss any concerns, etc. (though concerns are noted, unfortunately, they are rarely acted upon).
-Can wear jeans all through the summer months, and business casual at other times.

Cons

-Extremely poor, inconsistent, ineffectual managers who burden some of their long term, hard working employees with the work other, less focused individuals (many, but NOT all, are contractors) can't be bothered to complete. Management finds it easier to overburden their established hard workers, than to actually be the bad guy and hold the slackers accountable.

-Team lead positions, which pay a premium, are something of a joke. All employees, with exception of leads, had to do an accounting of how, literally, every minute of their typical work day is spent. Why? Is this because majority of the team leads day is spent wandering around laughing with the people they 'lead', in between hanging out in bosses office talking smack about these very same people? I wouldn't want to account for that either.

-Raises not being provided every year, and when they are, they are an extremely small percentage.

-No morale building activities which are so desperately needed these days. When I first started working for Fannie Mae, we were shown often how much we were appreciated. They would buy us lunch/ice cream, have small parties when goals were met, monthly birthday parties. Now we are rewarded by being allowed to wear jeans here and there, something which costs the company absolutely nothing. That's it. Big fun.

-Upper management that is never seen or heard from, though located just a floor above. Upper mgmt was in our department recently for the first time in over a year and a half; I was flabbergasted to see them. How can they effectively lead employees they don't even know?

-It is not an environment for professionals. I am surrounded all day by fellow employees who think nothing of making upwards of ten personal calls a day I am forced to listen to, etc, etc etc. In my previous long term position with another company, this would NOT have been tolerated and resulted in dismissal, yet it runs rampant here...completely unchecked.

-Does not provide adequate resources in which to do my job. I had a piece of equipment stop working that was vital to using my computer, and the IT guy said that Fannie Mae doesn't replace those. What?!! I am now supposed to buy my own computer equipment?! The computers are forever having issues, because they are in constant use and years and years old. It is hard to effectively do your job, when you can't rely on your equipment.

Advice to ManagementAdvice

My advice would be to pay close attention to what I have relayed in the 'con' section and take action. I am a full time employee of many years, one of your hardest workers, and I will be leaving the company in the next few months. I'm heading to a new state and hopefully a position with a company where I am respected and valued.

Doesn't Recommend
Negative Outlook
No opinion of CEO

Fannie Mae Response

Feb 4, 2014Representative

We are sorry that your experience at Fannie Mae did not meet your expectations. We take these reviews seriously and into consideration. We will pass along your review to Senior Management. Thank you.

Other reviews for Fannie Mae

  1. 1 person found this helpful  

    Smart People, Worklife Balance, Opportunities if motivated

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    The benefits are excellent. Flex work schedule on a case by case basis, Lots of smart people with industry experience, plenty of opportunity for people with go-getter mentalities

    Cons

    Future uncertainty regarding policy and legislation. Sometimes can be very political regarding promotions.

    Advice to ManagementAdvice

    Overall good job. Look to notice talent in whatever shape or size despite if it fits the normal mold

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Challenging and changing environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great learning opportunities
    Challenging work
    Very experienced people

    Cons

    Lots of constant change can affect overall goal

    Recommends
    Neutral Outlook
    Approves of CEO
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