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Fannie Mae Listed Among Fortune’s "100 Best Companies"; Survey Reveals That Corporate Culture, Meaningful Perks Help Companies Succeed in Competitive Times

Fannie Mae Listed Among Fortune’s "100 Best Companies"; Survey Reveals That Corporate Culture, Meaningful Perks Help Companies Succeed in Competitive Times

Published 01-04-01

Submitted by Fannie Mae

Respecting employees and providing them the support to help them perform at peak levels helped Fannie Mae (FNM/NYSE), the nation’s largest source of financing for home mortgages, secure a spot on Fortune magazine’s annual ranking of the "100 Best Companies to Work For." The list is highlighted in the magazine’s current issue, now on newsstands.

In addition to evaluating employee benefits, salaries, and other perks, the magazine’s review included a random survey of at least 250 employees at each firm that evaluated workers’ trust in management, pride in work and the company, and camaraderie.

"By providing benefits that help employees balance their work and personal lives, we foster a committed workforce that is highly motivated to help us meet our critical housing mission and achieve our stretch business goals," said Jamie Gorelick, vice chair of Fannie Mae.

Fannie Mae offers competitive salaries, extensive training opportunities, a diverse workforce and management group, and a mission to tear down barriers, lower costs, and increase the opportunities for homeownership and affordable rental housing for all Americans that energizes its workforce.

In addition, the company provides: an employee stock plan; a stock purchase plan that offers an opportunity to purchase additional shares at a discount; a 401(k) plan; free on-site annual health and fitness assessments, including a "healthy living" day off; paid childbirth and adoption leave; an on-site elder care consultant; exercise classes; flexible work arrangements, including flextime, compressed job schedules and telecommuting; 10 hours of paid time off each month for volunteer activities, and an employer-assisted housing benefit.

In addition to its outstanding financial performance, the company is frequently cited for its extensive and progressive workforce policies. Recognition received in the past year includes: Top 100 E-Businesses; Best Companies for Minorities; 100 Best Corporate Citizens; 10 Best Companies for Asian Americans; America’s Most Admired Companies (First in the Mortgage Finance Industry); Top 25 Companies for Executive Women; and the 100 Best Companies for Working Mothers, among many others.

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