Freddie Mac has been named a 2018 NAFE Top Company for Executive Women by the National Association for Female Executives, which recognizes companies where women have significant clout to make the decisions that affect their company's future and its bottom line. This is the 6th year that Freddie Mac has been recognized by NAFE as a top company for executive women.
It's is a tremendous honor to be recognized for our commitment to women executives," said Stephanie Roemer, Freddie Mac's director of diversity and inclusion. "We're proud of our sustained excellence in female representation and look forward to continuing our gains in 2018 and beyond."
According to Roemer, female representation in executive levels increased to 29 percent in 2017, while minorities increased their majority percentage in the company to 52 percent. This year, Freddie Mac also improved its benefits to include longer paid maternity leave, longer paid adoption leave and better coverage for infertility treatment.
"We saw 20 percent less turnover in women compared to men last year, which shows that we are creating an environment where women want to stay and grow," said Roemer.
The 2018 NAFE Top Companies application includes some 200 questions on female representation at all levels, especially the corporate officer and profit–and–loss ranks. The vetting process includes tracking access and usage of programs and policies that promote the advancement of women as well as the training and accountability of managers in relation to the number of women who advance. In order to be eligible for the NAFE Top Companies survey, entrants must have a minimum of 1,000 employees, two women on the Board of Directors and be a public or private company.