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
Apr 22, 2014

All depends on leadership

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Pretty Stable, average salary, possibly to get a great work schedule.

Cons

They make you compete against other people in your pay grade just to justify not giving a percentage of the group no pay increase. Not even a cost of living increase. Their raises are small like 2 and 3% if you get one. The best way to get a decent increase is during negotiations for a new job. This company is the most afraid to make changes. If they have been doing it one way for a long time, you'll hear "we've been doing it this way for 50 years", even if it is the wrong way. They will do anything to get the product out the door on time.

3.0
Apr 21, 2014
Recommend
CEO approval
Business Outlook

Pros

Offers the opportunity to work for large projects of vital importance to the nation. Pay and benefits are good.

Cons

This company works with a lot of old legacy practices and technology and, aside from a small percentage of individuals and a few pockets here and there, is not very innovative. A great many people want to avoid change altogether and actively resist it. This company is trying to go agile, but, aside from a few individuals, just doesn't get it. You're generally either under micromanagement or hit and run management. The company doesn't want to promote anyone except in rare cases. Work-life balance is supported in theory, but in practice you'll be given more work than you could ever possibly complete in a 40 hour work week.

4.0
Apr 17, 2014
Recommend
CEO approval
Business Outlook

Pros

Great starting salary, excellent benefits. Excellent knowledge base from employees.

Cons

Lack of advancement. managers are stretched thin and not in the know of most their employees. employee perks have decreased in the past few years.

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