I don't know, transparently, that my intention was to take so much time off. Does this sound like you? Just to start getting my mind thinking about, "Yes, Im going back to work. endobj /Length 41 /Type /Action /URI (http://ctt.marketwire.com/?release=1161052&id=5032183&type=1&url=http%3a%2f%2fwww.freddiemac.com%2fbl\ By clicking I Accept on this banner, you consent to the use of cookies unless you disable them. And some people wake up one morning and all of a sudden 10 years have gone by. 0000000032 00000 n Freddie Mac took specific steps to address the potential of pay inequity. los inconvenientes que esto te pueda causar. /Pages 2 0 R Freddie Mac developed qualified diverse suppliers through its Vendor Academy program and by ensuring diverse suppliers are included in the bidding process, which has ultimately increased its diverse spend18.9 percent of total enterprise spend was with diverse suppliers in 2018. And so that began an almost six years stint with Turner Broadcasting. /S /URI Look at your LinkedIn, who are the people who are in these industries or these geographies that can get some introductions to you? /H /N My intention was to take a year off. Jacqueline Welch: And we actually didn't talk about it, and it only occurred to me now when you're asking this question, so I'm glad you did. Please help us protect Glassdoor by verifying that you're a That's how you keep track. Jacqueline M. Welch And then I'd never, aside from having a mortgage, I didn't know anything about the mortgage business. Jacqueline M. Welch is senior vice president of the Human Resources, Diversity & Inclusion (HRDI) division and chief diversity officer of Freddie Mac.She is a member of the company's senior operating committee and reports directly to CEO Don Layton.. As head of HRDI, Welch delivers business and subject matter leadership, strategy and execution to the senior leadership team on organizational . Jacqueline Welch: Yeah, so I'm old, so there's a lot. "She is the right person at the right time to help Freddie Mac improve the quality and diversity of our workforce and the culture in which we operate.". /Subtype /Type1 Carol Fishman Cohen: Excellent. Freddie Mac developed qualified diverse . Thank you, that's super helpful. Looking to support relaunchers in your audience? I think now, retroactively appreciating, "Wow, my mom was home for four years." /Filter /FlateDecode /E 20595 A seasoned corporate executive, Ms. Welch joined Freddie Mac with 20 years of experience in H.R. >> scusiamo se questo pu causarti degli inconvenienti. /Rect [407.075 395.925 462.4375 406.925] per informarci del problema. As parents, we all do the best we know how, and it's not till they're like 21 and older, and we're paying for therapy bills potentially that, "Okay. Sure. So there was a learning curve of, okay, new industry, understanding the nuts and bolts generally. /Parent 2 0 R By submitting this form, you are consenting to receive marketing emails from: iRelaunch LLC, Miami Metro Area, Miami, FL, 33410, US, http://www.irelaunch.com. To get a better sense of the salaries at Freddie Mac, other roles such as file clerk and internship can be considered as well. Or, how did it happen? /A << $87,769. Please enable Cookies and reload the page. Average Freddie Mac hourly pay ranges from approximately $17.97 per hour for Administrative Assistant to $70.00 per hour for Sharepoint Consultant. She would take me to work with her. So I would come home, grab my little Avon bag and go four blocks in each direction, and then get home, get my homework done and go to bed. << So that's a big question again, to the extent that you can think about these things before rubber meets the road, you should, because it takes the emotionality out of it. /URI (http://ctt.marketwire.com/?release=1327573&id=12485458&type=1&url=http%3a%2f%2fwww.freddiemac.com%2f) Why would I commit this to memory? << The first year you're back, and did it feel like riding a bike again and you just went back into it? I didn't have any issue or challenge around my core competencies, my human resources competencies, but there were these other things to very quickly become a student of, new geography, new industry, new company. So think about, recycle your skills for your own advantage. /S /URI << Freddie Mac announced today that Jacqueline Welch will lead the companys human resources, diversity and inclusion division and serve as its chief diversity officer. And, I think I would have continued doing that except I really do enjoy being inside of an organization and having a little bit more structure. You have to coach yourself ahead of time to stop talking. So again, another piece of consulting work. So year two then really becomes, how am I delivering? Prior to Turner, she worked for organizations such as WestRock, Accenture (formerly Andersen Consulting) and Willis Towers Watson (formerly Towers Perrin). Director salaries - 100 salaries reported. MCLEAN, VA--(Marketwired - Jan 11, 2018) - Freddie Mac (OTCQB: FMCC) today announced that Jacqueline M. Welch has been named head of the Human Resources, Diversity & Inclusion (HRDI) division and chief diversity officer (CDO) of Freddie Mac. I think people arrive at this decision to sidestep or get off the career ladder for any number of reasons. /P 7 0 R In her role as chief diversity officer, Welch will lead Freddie Mac's diversity and inclusion strategy for its workforce and supplier diversity programs, as well as across business activities. Jacqueline Welch, a two time relauncher and one of the most senior relaunchers we know, talks candidly about her relaunch success and shares wide-ranging advice, including the value of silence in negotiating, "closing the loop" with those who helped you during your relaunch, and for those currently working who are anticipating a future relaunch, the call you should always take (more on that in the podcast!). Both companies are involved in "financial engineering . I mean, the woman that would have been my boss, it was Kismet, and we could just not get the money to work. Welch joined Freddie Mac in December 2016 and brings more than 20 years of experience in HR strategy and execution to the company. /URI (http://ctt.marketwire.com/?release=1161052&id=5032180&type=1&url=http%3a%2f%2fwww.twitter.com%2fFredd\ The DMV is very different from Atlanta, just in terms of again, within a cadence. And when things got really material with Freddie Mac, we involved them with coming here to look for a place to live and those kinds of tactile experiences. The estimated base pay is $186,877 per year. Investors: Harlan Toplitzky, harlan.toplitzky@nytimes.com The Federal Housing Finance Agency acted to circumvent a congressionally mandated limit of $600,000 on CEO compensation at Fannie Mae and Freddie Mac when it approved plans last year to pay top . %PDF-1.4 It was quite the experience. I'll try to keep it brief. But, in hindsight that consulting situation was very Yeah. /Type /Font Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. excuses voor het ongemak. So that aside, having now relaunched myself twice, this is a population that's battle-tested and we're not teaching folks how to come to work for the very first time. Everybody has a 9/11 story. Welch will oversee HR strategies and execution. Jackie, before we get started in talking about your relaunch success story, can you just give our listeners a little background about Freddie Mac? And then if they give you the range and say, you're here, then either you accept that or you go, "Well, no, I see it differently. So you had this ability to not only take stock, but to figure out how you were going to tell that part of your story. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. /URI (mailto:Paul_Frommelt@FreddieMac.com) Carol Fishman Cohen: Excellent. endobj I'll do that." Ms. Welch joins The Times Company from Freddie Mac, where she has served as senior vice president, chief human resources officer and chief diversity officer since 2016. /OpenAction [7 0 R /Type /Page . I'm so excited to have this conversation with you. Senior Vice PresidentHRDI; and Chief Diversity Officer, Freddie Mac /Type /Action Ufg>r)A)zl#FA. That first year was really, and I would encourage people when you're leaving, to prioritize, What do I need to learn? Have a sense of, How do I want to approach this? And then hit the ground with, Who can help me with this? Who can help me understand the economic model for making money around here? Who can help me understand what's the school system? Make those lists of, What do I need to know? Try to clump them in a way that's manageable, and then be about the business of finding resources that can get you confident. "@qpm+,TAv 7f'h1r0bap(0W/I 0*r-nEe+~a-`{3:H-;tI_3qMz7:{7tJ_1 um ?wu}E*k|^\vy|z/|S#rdRLwFyOE*|,=_;$1!^K\pjb-> 'P^ ?|K-fo? The average Freddie Mac salary ranges from approximately $66,000 per year for Technician to $201,566 per year for Director of Engineering. I go, "I don't care how committed you are to your current organization. Jacqueline is the most senior relauncher we are aware of who is currently serving in her role. Same platform but with new and improved features. And then more specifically get about the business of understanding the economic model of Freddie Mac. And so it behooves any organization to include relaunchers in that talent pool. /Encoding /WinAnsiEncoding I'll do that." Updated March 16, 2023. Carol Fishman Cohen: And thanks for listening to 3,2,1 iRelaunch, the podcast where we discuss strategies, advice, and success stories about returning to work after a career break. It was the combination of the two. January 11, 2018, 1:27 pm By Caroline Basile. /Border [0 0 0] 4 15 And here's another thing that kind of serendipitously happened. Carol Fishman Cohen: Wow. ein Mensch und keine Maschine sind. /Filter /FlateDecode endobj endobj >> ] It has nothing to do with Atlanta. Employees in the top 10 percent can make over $138,000 per year, while employees at the bottom 10 percent earn less than $55,000 per year. Prior to Freddie Mac, she served as senior vice president of . Those are very nice things to say, and so thank you, period. /A << Join our growing relauncher communities on Facebook and LinkedIn. So again, this is just a framework. And they won't even have the conversation. endobj And partly what I need to say here is, I'm first generation American, my family are immigrants from Central America. So you now have information in terms of what you're looking for and it's now your responsibility to go, "Actually, I've done that. So, my husband's an entrepreneur. Jacqueline Welch: Yeah, but you've got to commit yourself. >> Carol Fishman Cohen: Excellent. I can't thank you enough, Jackie. "We're very excited to have Jacqui succeed to the leadership of our HRDI division and serve as our CDO," said Layton. Can you give us some background and walk through what your career was before you took your career break? Aydanos a proteger Glassdoor verificando que eres una persona real. /XXAlt (Freddie Mac Logo) And so we did the math and figured out no one was going to die of starvation. Where is it based? And in terms of what that was like, it was a complete, full time house, spouse and caregiver. I'll do that." Which I think is becoming more and more easy to do because we're all getting socialized to the gig economy and gig workers. And in my case, at this point, there are any number of search professionals whom I have "helped," that they think of when these great jobs take place or come available. Thank you. If you have a list of companies, you can start looking at, well, who knows somebody in that company? And "I need more money" is not a good response. We are sorry for the inconvenience. In her prior role she served as SVP of international human resources for Turner Broadcasting in Atlanta. Carol Fishman Cohen: Such excellent advice. Worldwide Top 100 CHROs 2018 Ms. Welch earned a Bachelor of Arts degree in English from Syracuse University and a Master of Science in Human Resources Management from The New Schools Milano School of Policy, Management and Environment. /Rect [40 318.925 173.7375 329.925] /A << June 29, 2022 . I do think that day 366, it expires. /Annots [10 0 R 11 0 R 12 0 R 13 0 R Get Jacqueline Welch's email address (j*****@freddiemac.com) and phone number (678-232-..) at RocketReach. Post open roles and connect with top relauncher talent! And then even more importantly, the call might not be for you. She began her career in New York at Lord & Taylor as a merchant. As Freddie Mac continues to evolve, we are more sharply focusing on inclusion. My dad worked nights, so I didn't have the opportunity to see his workplace, but yeah, my mom made it very intimate for me. endobj Ms. Welch, 50, will report directly to president and chief executive officer Meredith Kopit Levien. What's going on this week, who needs what for school or their field trips, are either of the grownups traveling, standard operating procedure in our home. So, you have to close out those loops. team and served as a trusted adviser to its . HW Media connects and informs decision makers across the housing economy. And so for anyone in any role that you're in, I think the learning point here is to take stock of what you do, how you do it, where you've done it and who you've done it with. During 2021, the total fees paid to all FHLBank directors were $22.2 million, ranging from $1.56 million for the 14-member board of the FHLBank of Atlanta to $2.51 million for the 22-member board of the FHLBank of Des Moines. She is also responsible for the compliance of the diversity reporting requirements required by law and directed by Freddie Macs regulator and conservator, the Federal Housing Finance Agency (FHFA). As head of HR, Welch will be responsible for all HR functions, including performance management, compensation, and learning and development. I'm excited by the work that Freddie Mac has already done to foster an organizational culture that competes and wins, and I'm ready to push that strategy forward, said Welch. Jacqueline Welch: Preparing for this was a lot of fun for me cause you know, things sound so neat, and you live your life forward and you understand it backwards. at, Human Resources Management/Personnel Administration, Vice President, Multifamily Investor Relations, Vice President, Multifamily Capital Markets, Senior VP & Chief HR Officer of Cox Media Group, Senior Vice President of Human Resources of Orbital ATK, Senior Vice President, Human Resources of Urban Company, Chief Human Resources Officer of WS Audiology, Senior Vice President, Human Resources, Diversity & Inclusion and Chief Diversity Officer, VP, Employee and Organizational Effectiveness, Intelligent Assistance and Bots Ecosystem. I think people forego the "ask for a favor" element of it. Freddie Mac. og) Business: Financial Services real person. Like, literally get up in the morning, get the kids fed, get them to school, come back, get dad dressed and fed and ready to take him to his various therapies, get him home in time for lunch and fed, then turn around and go get the kids, get them to their various locations, get them home and fed, homework, get back to dad, feed dad. And we made a short list of what our places would be, we wouldn't even have to have a conversation. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Just let the person dignify the question. 10 0 obj View Data as Table. Now I say, "Well, you do know I do work and I have an allotment of vacation days." She served as a trusted adviser to its board of directors and the executive team. I'm going to want to know that. /Subtype /Link Salary. You already have, or you've already pondered and considered your story. Jacqueline Welch: Ma'am, I'm looking at a stack of four notebooks that cover this time or period, 'cause I'm still very much a write things down person. That was what I had trained my career ambitions on. Thank you for your continued support. What does it do? What's my vision for the team that I want to be part of? Freddie Mac pays an average salary of $102,907 and salaries range from a low of $89,555 to a high of $118,020. pour nous faire part du problme. You can contact her at, theMReport.com copyright 2023 is a registered trademark of The Five Star Institute, Freddie Mac Appoints Jacqueline Welch as CDO and HRDI Head. 11 0 obj She will sit on the companys executive committee and lead its Talent & Inclusion department when she joins The Times on Jan. 11, 2021. /Subtype /Link So I work. What we haven't talked about that I think is important generally speaking, but then certainly when you're relaunching, is compensation. I love it. Jacqui is an experienced and dynamic executive with a track record of success leading human resources work and Im so pleased she is coming to The Times to assume this critical leadership position, said Ms. Kopit Levien. /Type /Annot . >> So an incredible source of talent, be it moms or dads who are coming back after taking care of children or elder care or themselves, military veterans, people who are just looking to reconfigure how they've approached their career and repurpose prior skill sets, it's all talent. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. Here at Freddie Mac, we are about to do a take your parent to work day, because I think that curiosity around, what does my child do all day, I don't think that curiosity where your loved one is goes away. I can't work for that. Our oldest just turned 13. /ID [<4C0F572685458B40F5DDC77FBB5BBAFE> For me, I think once we get to a certain point in your career, the question becomes, if you are as good as you think you are, can you take your skills from industry to industry? 14 0 obj 0000001363 00000 n Carol Fishman Cohen: Yes, it's hard to do that. >> Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. << This was long before there was any take your daughters to work day or take your daughters and sons day, right? That question got answered for me. Thank you for joining us today. /S /URI Freddie Mac gets diversity right. It was happening live. I'll never know. Profiles in Diversity Journal is dedicated to promoting and advancing diversity and inclusion in the corporate, government, nonprofit, higher education, and military sectors. So, it sort of feels like we're good, but we'll see. And so quite literally, there would be in a notebook, a section called Carol Fishman Cohen, it would record the outcomes of our conversations. Jayne Parker. And so between my time at Towers Perrin and combining that with my time at Anderson Consulting, I literally walked the halls of more than 50 different companies across industries, some domestic, some international, main industry. Meet the iRelaunch team and advisory board, learn about our company, its mission and vision for the future, read about us in the news or get in touch with us! So we had to cognitively put our minds around, if we had to move, where would we move? Although we hadn't talked about this before, it occurs to me that this is actually my second break as it were. "Absolutely!" This one was just nebulous and free floating. endobj Jacqueline Welch, Freddie Mac's SVP of HRDI and chief diversity officer, sees . Jacqueline Welch, chief human resources officer and chief diversity officer at Freddie Mac and member of CNBC's Executive Council, joins "Squawk Box" to discuss how businesses can best support . Finally, Freddie Mac piloted its first-ever sponsorship program to help high-potential women and women of color navigate the corporate landscape and be positioned for success and growth. Jacqueline Welch: Yep, you gotta practice. board of directors; greg watchman; jacqui welch; elise cocks; jonmichael monheim; justin thivener; faud chaudry; the washington dc office of the equal employment . How many employees are there? Executive Vice President, Global People Division, Walmart . I'm a child of the seventies and my mom was so ahead of her time. They're now 13 and nine, but going backwards, obviously they were a lot younger then. You might be okay with that, but just recognize it's a data point. 'Cause you're not only relaunching into a new career, in some instances, at least in my instance, I had gone off the grid almost completely, and then relaunched into a new market. Jacqui will be an essential partner to me and the senior leadership team as we continue to transform the company and our culture with operational excellence and diversity, equity and inclusion at the heart of all we do., Ms. Welch said, The New York Times is an indispensable institution with a vital mission. /H /N >> /P 7 0 R >> /H /N So, can you talk a little bit about the actual moments or milestones that led to you getting your job back at Freddie Mac, and what were the conversations, who were the people, what happened? 0000015878 00000 n She serves on the Boards of Habitat for Humanity of Northern Virginia, the Human Resources Policy Association and Buckman. naar In 2018, Freddie Mac launched a new board-approved diversity and inclusion strategic plan, defining three pillars to focus its D&I efforts: The organization worked to develop and sustain a pipeline of diverse applicants, while promoting an inclusive culture that enables employees to bring their whole selves to work. So that's a huge determining factor about what you can do and how long you can do it. For us, inclusion itself is not a program; instead, it's a mindset. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de The average compensation for a director (including the committee chairs) ranged from $111,134 at the FHLBank of Atlanta . Caso continue recebendo esta mensagem, Further, while Human Resources knows salary history for internal candidates, we do not share it with hiring managers when they are considering those candidates. /Encoding /WinAnsiEncoding Or they started out with a career break for childcare reasons, and then all of a sudden they had an elder care responsibility come into their lives right as they were thinking about going back to work. So we had the short list of, where would I go? I don't think mine is particularly unique, but you have that, at least I had, that clarifying moment around, "I don't want to do this anymore.". Those are impressions that are being made on you, and you on the situation and the scenario. /Outlines 1 0 R Carol Fishman Cohen: Excellent advice. /Width 300 To access all the content for free, please sign up by entering your email. The estimated additional pay is $73,763 per year. In her expanded role as senior vice president of HRDI and CDO, Welch will be a member of the company's senior operating committee and will report directly to CEO Donald Layton, the company said in a release. Its vitally important that we enable our diverse perspectives to drive the execution of the company's top goals of building a better company and a better housing finance system. I said, "Oh yeah, sure. /Rect [317.7125 395.925 382.2875 406.925] At this point, my husband and I in fact had children. But if I were paying more attention, I would have gotten there faster and on my own, as opposed to serendipitously. I really sort of backed into that. 0000002241 00000 n Prior to Turner, she worked for organizations such as WestRock (formerly Rock-Tenn Company), Accenture (formerly Andersen Consulting) and Willis Towers Watson (formerly Towers Perrin). Carol Fishman Cohen: Right. #[nS7OyzcfC-8HTo};Y/?^ptX ` srnN|N;)!~|EBCd^(/v[R#owb~`UAc-=Xcd N9" And, just your typical immigrant story in terms of hard working, big dreams and moving to the United States. I don't hear that said often enough now, particularly to young people. She's sad about it. startxref In this role, she has led a team that improved and evolved all aspects of the human resources function, from equitable pay practices, talent acquisition, talent development, organizational development, performance enablement and diversity, equity and inclusion. /Height 106 /BitsPerComponent 8 The fact that this organization exists to me is such a huge, bright spot relative to one of the tools available to folks who are looking to intentionally manage their careers. gtZM/\9x9Io#mS@u\-wn)h@`x?b@\;> >isgu/*}/yN1Q9c.#{h>6hDa_z&}6piA }v*dAbDD_3/T @ZwODfhz Beyond TRID: Safeguarding compliance on every loan, Opinion: Setting the record straight on mortgage pricing, Mortgage fintech Maxwell launches SSO tool for lenders, Recognizing ROI: Improve Margins with a Connected Transaction, A guide to optimizing client engagement and communication. At the end of the day, we're still all humans and we want human contact. I would say that first year, using that unconscious incompetence scale, that first year I felt very much consciously competent. >> And then stop talking. Your preference will be stored for this browser and device. Welch, who joined Freddie Mac in December 2016, brings more than 20 years . I do my best, the kids come to work with me. Like I said, I accidentally became a consultant, but I had been more thoughtful about it, I would have gone, why didn't I just call Accenture and say, "Hey, look, I don't want to join a firm, but to the extent that you're looking for individual contributors in this emerging gig economy, I could do some work for you in that capacity.". Remember, seven years of consulting, so you do learn something. $186,877 / yr. Technical Analyst salaries - 81 salaries reported. Although I don't know if I should say that on public record because the IRS might try to come and retroactively get some FICA from me. /Type /Annot /Rect [200.4 595.925 249.6375 606.925] Si continas recibiendo este mensaje, infrmanos del problema Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on SMS (Opens in new window), 2006-2023 HW Media, LLC. stream I look forward to working with my colleagues in the stewardship of our mission, the cultivation of our culture and finding and keeping the best available talent in the business.. Learn about the various ways in which we collaborate with our partners to share knowledge and connect relaunchers to valuable resources and advice. And so I don't know, but I don't want to raise my children in that kind of environment." And at the same time as our children were starting to matriculate and have higher needs from us as parents, my dad got ill. Freddie Mac now spends $3.85 million to pay two people for work that used to be done by one person for $600,000, according to the report. She began her career in New York at Lord & Taylor as a merchant. /Type /Annot Website: www.freddiemac.com. It is important for you to advocate for yourself. They were almost invested alongside you because you were talking about your interviews and researching those companies online with them and getting their feedback, even if you weren't maybe taking their feedback because they were young. I got recruited from there by Time Warner, which at the time owned Turner Broadcasting, which at the time was based in Atlanta. So anybody working has learned something, but I think sometimes the disconnect, the dissonance is we don't apply what we do at work to our personal lives. And I would also say that if they're reluctant to give you that, that's a data point, so now you're talking about an organization that is probably not very transparent, and do you want to work there? You've shared so much incredible advice, but if you could pick one piece for our relauncher audience. The estimated total pay for a Director at Freddie Mac is $328,544 per year. To help us tackle this big question is Jacqueline Welch, who is the senior vice president, chief human resources officer and chief diversity officer at Freddie Mac. I'm speaking with Jacqueline Welch, chief human resources officer and chief diversity officer of Freddie Mac. Prior to Turner, she worked for organizations such as WestRock (formerly Rock-Tenn Company), Accenture (formerly Andersen Consulting) and Willis Towers Watson (formerly Towers Perrin). She served as senior vice president for international human resources for Turner Broadcasting System from 2010 to 2013 and was senior vice president, talent management and diversity, from 2008 to 2010. And here's why," and be prepared. Welch, who joined Freddie Mac in December 2016, brings more than 20 years of experience in HR strategy and execution. You need to take every call." yks0.%'\_35 ;BZ#k*4oAe_g42 dcwO)>LgsG;h1os?bse3Q}soeWGhO0%x_(guX [kZ%AFh3:(-Dxfv4! All rights reserved. /Subtype /Link To your point, when we were thinking about what next, we involved them at their level of understanding. 9 0 obj Let me tell you about the time that I XYZ, which sounds exactly like what you just said." 1991 Crocker Rd, Ste #600PO Box 45605-0605Westlake, OH 44145, Advocating for Yourself: Bhavana Bartholf. Carol Fishman Cohen: Yeah, exactly. And so not having the pressure of the financial burden was a huge blessing to me, and so don't forego that part of the equation. baby scratched eye with fingernail, lusher charter school tuition, who does colin bridgerton marry,
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