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      Lockheed Martin

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      Lockheed Martin reviews

      4.1

      84% would recommend to a friend

      (3,561 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
      Jul 30, 2014

      Not what I really expected, but potentially a good company for various opportunities.

      Software cofiguration analyst senior
      Recommend
      CEO approval
      Business Outlook

      Pros

      At least now when I am new, the work environment is not very stressful but they have made it unnecessarily hectic. I think your job is pretty secure here.

      Cons

      Just a lot of red tape and lot of time spent on documenting your work so that if government audits you, you have all your paperwork in place to prove what you did. It just that I can't imagine, that there is not a better way to accomplish this goal. Benefits sucks. And that is all on my. I should have read all that after I accepted the position. I took a significant pay cut from my previous job, even though my base pay increased.

      3.0
      Jul 28, 2014

      Large Company, plenty of differing job paths for a career

      Senior software engineer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Challenging work and a good working team environment with in the departments to build and deliver the best for our customer. Good work/life balance with flexible hours and first level management support. Good compensation package, health Medical, dental, life and 401K.

      Cons

      Limited advancement within department structure or transfers to other departments are management determined . Work can be repetitive and boring at times until process issues or parts issue develop. Note there is very little room for out of the box thinking for all ideas to improve the process and decrease costs.

      2.0
      Jul 26, 2014

      Stagnant

      Mechanical engineer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Flexible hours (9/80 and in general). Good work life balance (easy to put in your "40" hours and go home). I had great co-workers in my group. The end product is super cool. Tuition reimbursement was generous. For post-pension people who aren't impacted by the pension freeze the 401k matching and employer defined contribution retirement plan is quite good.

      Cons

      Promotions are virtually impossible to obtain without changing jobs. Many people are working above their salary grade without promotions to keep costs down. Yearly raises are minimal and generally don't keep up with increasing medical benefit costs let alone inflation. Pay is significantly below market rate in the Silicon Valley. Lots of bureaucracy and road blocks to deal with on a daily basis to accomplish work. If your direct management won't fight for you your minimal chances at promotions and good raises get even more minimal. Lack of new business coming in now does not create growth opportunities.

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