There are newer employer reviews for Freddie Mac

1 person found this helpful  

WORST PLACE I'VE EVER WORKED AS A CONTRACTOR/CONTINGENT WORKER

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Project Manager - Contractor  in  McLean, VA
Current Employee - Project Manager - Contractor in McLean, VA

I have been working at Freddie Mac

Pros

Good contractor rates if you negotiate well

Cons

Desktop, no laptop
Landline, no mobile phone
Lotus Notes for email
No wireless in buildings
Word 2000 and Excel 2000 - in the year 2011
Dollars are spent on people 'walking around' building to building
Paper intense, hard copy is the norm
No VPN for off hours work
No on-site parking
Clear distinction between W2 salary employees vs. contract workers (CW)
Jurisdinctional battles among management peers in same department derails efforts
Projects too large in scope and too aggressive in timeline to be successful
Unproductive meetings

Advice to ManagementAdvice

Go work for other organizations and see how others are doing things. You are decades behind.

Doesn't Recommend
Disapproves of CEO

351 Other Employee Reviews for Freddie Mac (View Most Recent)

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  1. 1 person found this helpful  

    Uncertain future for the company, complicated by constant reorganizations

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Director  in  McLean, VA
    Current Employee - Director in McLean, VA

    I have been working at Freddie Mac

    Pros

    Good compensation package, work is often interesting, many bright people work at Freddie Mac. Work has been of vital importance to propping up the housing market.

    Cons

    The future is unknown, and management still spends a significant amount of money guessing what future needs may be for the company. Periodic downsizing efforts are badly impacting morale.

    Advice to ManagementAdvice

    Conduct 360 degree reviews to better understand who truly adds value to the organization, and who is just taking up space or only managing upward.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Good benefits, bad pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  McLean, VA
    Current Employee - Anonymous Employee in McLean, VA

    I have been working at Freddie Mac

    Pros

    The work life balance is incredible. The company offers in-site physician and free use of the wellness center. Options for working remotely exist and the company is very generous with new mothers.

    Cons

    Freddie Mac offers a great benefits package: health/dental, vision, 401(k). However, salaries lag behind other industry players and career advancement opportunities are limited and unclear.

    Advice to ManagementAdvice

    Career paths need to be clearer, specially for new hires. The company needs to communicate better with its employees, and senior leadership needs to be more visible.

    Doesn't Recommend
    No opinion of CEO
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