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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4.0
May 31, 2014
Recommend
CEO approval
Business Outlook

Pros

The pay is reasonable at the lowest levels and crazy at the top levels Generally speaking, you get paid for the time you put in, there is no endless hours for no additional pay like you get in small companies. Big Business offers you some job definitions and work limits which can be helpful.

Cons

For the most part what ever you get hired in for (paywise)...thats what you get. There are no merit raises that I have ever heard of. A good review lets you keep your job and maybe get a 2-3% increase annually. Union Folks are not judged in ANY way for their performance this hurts the good performers...and allows the hideous performers to stay as long as they don't mischarge or endager someone.

3.0
May 29, 2014

Not Bad

Recommend
CEO approval
Business Outlook

Pros

Not a bad place to work. Decent pay. Ok benefits (not great). Culture is bureaucratic. Good place to start a career.

Cons

Lower pay and benefits in services business. Training and development opportunities have become more limited with recent budget cuts and and cost savings initiatives.

3.0
May 28, 2014

Great place to start, but don't stay too long

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Average Pay and compensation, not bad for the industry but also not great. Relatively secure job, you can work here the rest of your career doing the bare minimum. Work life balance can be good, gets bad once you get more senior.

Cons

Pay/compensation isn't related to performance really, only matters a small degree. The future isn't looking so good for parts of the company. Company performance is tied to the US Gov't, so it goes up and down on a pretty predictable schedule. If your a hard worker who really wants to advance your career, you reach your limit pretty much after 5 yrs. The road to a Director or VP is at least a 20 year commitment.

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