Pros
Vacation time is extensive, unlimited sick time, monthly time off to volunteer, terrific 401k plan, employee assisted housing funds, etc. Depending on what group you're in, some managers and above are a lot of fun. They recognize hard work and reward performance. Fannie encourages volunteerism - but the down side is they're CONSTANTLY asking for money for something they're raising funds for. WE DON'T HAVE ANY MONEY! We haven't gotten raises in two years.
Cons
Geez, where to start. No raises two years in a row while executives collect millions in salaries and bonuses. Horrible wasteful spending on travel and "negotiated" rates that are often much higher than every day rates. We get a quarterly full color magazine - probably 100 pages. I don't read it, right in the trash. This should be electronic, very costly to print. We also got technology mousepads. Another waste of money - how many of us didn't already have a mousepad. Over Christmas we got a Fannie Mae Healthy living color calendar. Mine went from the mail to the trash. More wasteful spending. Take those 3 items and give me my cost of them in the form of a pay raise!! Did we need poinsettias all over the offices? They just die - more wasteful spending. Yet we weren't allowed to do any company paid holiday lunches or parties. Hmmm..okay Almost everyone is eligible for quarterly bonuses except the admins. Why? Do they not work as hard as the rest of the employees to help attain the company goals? Talk about treating people like bottom feeders. So demoralizing. Good luck moving up in the company if you come in at an entry level position. Even the HR VP said it's almost impossible. There's little to no training either. Everyone's too busy with all the cuts to help you most of the time. Better be able to do it alone! It's really become a downer to work here but we're stuck. The economy is so bad it's hard to go elsewhere so even with no raises again, we stay. Well most of us. The CEO just quit and took his multi million dollar salary and recently announced million dollar bonus and hit the road. NICE message to send to the rest of us peons. A lot of VP's have left recently, I don't blame them. Now there's a moratoreum on spending - no lunches, dinners, meetings, events, etc. Just work, work, work no reward. Oh, and they raised the cost of our insurance so technically we are all working for less money than we have in 2 years. Ugh.