Lockheed Martin reviews

4.1

84% would recommend to a friend

(3,562 total reviews)
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James D. Taiclet

83% approve of CEO

73% positive business outlook

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4K reviews

Reviews about "Compensation"

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3.0
Sep 29, 2014
Recommend
CEO approval
Business Outlook

Pros

Paid for my Masters Degree, 40hours of annual sick leave, 2weeks vacation for first 5 years, then 3weeks up until 10 years, medical was decent

Cons

underpaid, no corporate events, upper management only cared about keeping cost down not employee salaries, lucky to get 2 to 4% raise, majority got 0% annual raise

3.0
Sep 26, 2014
Recommend
CEO approval
Business Outlook

Pros

Lockheed Martin, being such a large company, has hundreds if not thousands of contracts. Most employees have opportunities to work on a large variety of programs over time. The company has a strong focus on ethics and it shows. They pay 100% of tuition for related degrees (as long as you give them a year after your latest course.)

Cons

If you want to move up the ladder, the only track is toward management; Only rarely can one stay on a purely technical route. Merit increases are counter-active. If you're rated as highly successful, but you're close to the top of your salary range, you might get 1%. If you're average, but are on the low end of your salary range, you could get as high as the merit budget (usually 2.5-3%). Furthermore, because ratings are tied to the budget, they're rationed out on a bell-curve. Not all high performers can get the rating they deserve. This provides no incentive to do better. Human Resources controls your career, not your direct managers. If you want a promotion, your managers and higher-level directors have to, literally, fight for you. Yes, literally.

5.0
Sep 26, 2014
Recommend
CEO approval
Business Outlook

Pros

In 2007, it was announced that the division I had transferred down to Greenville, SC, for (ISSP) was being relocated out of state. All 135(?) employees were offered either a very generous relocation or staying through to the end package. Our director watched out for us. She had made provisions for: 1. Relocation, bringing the Chamber of Commerce from the destination city in to meet with us and discuss what housing was available, answer any questions we may have had, plus offered a generous relocation package; 2. Trips to the destination city so we could see what the area was like and determine for ourselves if it would be a good fit (all gratis); 3. An excellent bonus for those who decided to stay through to the end; and 4. Invited the local Unemployment Office to meet with those of us who stayed to answer any questions. If that doesn't say "we care" I don't know what does.

Cons

Because they were so encompassing in what they provided for us in the Division's move, except for normal daily job concerns that are bound to come up at times, no matter where you work, I have nothing but admiration for this management team.

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