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October 17, 2018

Five Ways We're Making our Benefits Even Better

We take employee benefits seriously at Freddie Mac. Keeping pace with the industry isn't enough – we want to set the pace. That's why we offer highly competitive and comprehensive benefits for our employees and their families. From student loan reimbursement, to our flexible scheduling and first-time homebuyer benefit – we're looking to support all facets of our employee's lives – their time, their money, and their wellness. And we're succeeding. But don't take our word for it, check out what our current employees are saying about our benefits on Glassdoor.

Harinee

A new year brings a new opportunity to enrich our employees lives. Recently, our benefits team rolled up their sleeves and found ways to make our industry-leading benefits even better for 2019.  Here are the top 5 changes to know about for next year.

  • 15 Vacation Days for Everyone – To paraphrase our favorite Chicago-based talk show host – You get 15 days! You get 15 days! You get 15 days! We're increasing the number of vacation days for entry-level employees by five days so all employees will have a minimum of 15 vacation days each year.
  • Voting Time – We support our employees fulfilling their civic responsibilities by voting in local, state and national elections. Most election polling locations have extended voting hours, but if these times don't work we're now providing two hours of election time off for our employees to rock the vote.
  • Adoption Assistance Reimbursement Tripled – No, not triplets…. Tripled! Last year we increased infertility treatment reimbursement threefold. Next year, we're extending the same benefit for adoptive parents and are increasing maximum reimbursement for eligible adoption-related expenses from $10,000 to $30,000.
  • Back to School – Professional development opportunities are a key part of the Freddie Mac benefits package. To help our employees grow, we're almost doubling the amount we reimburse for eligible tuition expenses – up to $10,000 annually. The amount reimbursed in excess of $5,250 will be taxable, per IRS rules.
  • More Time to Grieve – Bereavement leave is something that we hope our employees never have to take, but when they do, we want to make sure they have enough time to grieve. That's why we're increasing bereavement leave to 10 days for the death of a spouse/domestic partner, parent, child, grandparent, grandchild, sibling and any member of an employee's household and adding 5 days of bereavement leave for extended family

When you join Freddie Mac, we expect you to bring more to the table. That's why we're committed to offering you more in return. Click here to learn more about our current benefits.


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