Fannie Mae's Human Resource Management Policies|Human Resource|Organization Behavior|Case Study|Case Studies

Fannie Mae's Human Resource Management Policies

            
 
Case Studies | Case Study in Business, Management, Operations, Strategy, Case Study

ICMR HOME | Case Studies Collection

Case Details:

Case Code : HROB038
Case Length : 16 Pages
Period : 1999 - 2003
Pub Date : 2003
Teaching Note :Not Available
Organization : Federal National Mortgage Association
Industry : Mortgage Financing
Countries : USA

To download Fannie Mae's Human Resource Management Policies case study (Case Code: HROB038) click on the button below, and select the case from the list of available cases:

Human Resource and Organization Behavior | Case Study in Management, Operations, Strategies, Human Resource and Organization Behavior, Case Studies

Price:
For delivery in electronic format: Rs. 500;
For delivery through courier (within India): Rs. 500 + Rs. 25 for Shipping & Handling Charges

Human Resource, Organization Behavior Case Studies
HRM Short Case Studies
View Detailed Pricing Info
How To Order This Case
Business Case Studies
Area Specific Case Studies
Industry Wise Case Studies
Company Wise Case Studies

Custom Search


Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.



Chat with us

Strategic Management Formulation, Implementation, & Control, 12e

Please leave your feedback

Leave Your Feedback

ICMR India ICMR India ICMR India ICMR India RSS Feed

<< Previous

Excerpts

HR Policies at Fannie Mae

Employee development, promoting and recognizing team work and individual performance, and fostering diversity were a part of Fannie Mae's core commitments and an integral part of its corporate philosophy. Until the mid-1980s, the HR policies were aimed only at ensuring that employee compensation and benefits were on par with the best in the industry. During that period, employee benefits across the industry were limited to retirement benefits, stock options, pension plans, and a few health and welfare benefits.

After the mid-1980s, the financial services industry, especially the home mortgage market, had to deal with a major increase in competition.

Human Resource and Organization Behavior | Case Study in Management, Operations, Strategies, Human Resource and Organization Behavior, Case Studies

To survive in a highly competitive market, companies had to focus on efficiency and growth. The development of a talented workforce was one of the ways in which companies could derive competitive advantage in such a market.

Around the same time, changing trends in American society and demographics (increasing number of nuclear families, single parent families and old people) required employees to pay more attention to their families' needs. As a result, employees tried to find ways to balance their work and family lives. Fannie Mae was among those few companies which recognized these changes and re-evaluated their HR policies, to meet the changing needs of the employees, in order to attract and retain talented workforce...

The Efforts Pay Back Manifold

By the early 21st century, Fannie Mae had been reaping the rewards of its innovative HR policies for many years. In early 2003, the company had one of the lowest turnover rates (3%) in the industry, which analysts attributed to its HR policies and organization culture.

The company had five minority members on its 17-member management board and eleven out of its 50 highest-paid employees were from minority communities.

About 44% of Fannie Mae's employees were minorities and around 44% of the employees in the top management cadre were women. The CMP included more than 300 formal participants and 100 informal participants in 2003 as compared to a mere 50 participants in 1994. In 2003, more than 12% of minority employees were participating in CPM. ...

Exhibits

Exhibit I: Fannie Mae - Ten Core Commitments
Exhibit II: Major Objectives of the Office of Diversity
Exhibit III: Working Mother Magazine Survey (2003)
Exhibit IV: Working Mother Magazine - Diversity Survey Report at Fannie Mae
Exhibit V: Awards And Recognition Received by Fannie Mae


 

Case Studies Links:- Case Studies, Short Case Studies, Simplified Case Studies.

Other Case Studies:- Multimedia Case Studies, Cases in Other Languages.

Business Reports Link:- Business Reports.

Books:- Textbooks, Workbooks, Case Study Volumes.