Lockheed Martin reviews

4.1

84% would recommend to a friend

(3,559 total reviews)
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James D. Taiclet

82% approve of CEO

73% positive business outlook

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4K reviews

Reviews about "Compensation"

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2.0
Dec 25, 2013

Cog in a machine

Recommend
CEO approval
Business Outlook

Pros

Good medical insurance plan. Makes sense for a huge company. I took work home occasionally, but I did that for myself. There was never pressure to work outside the 40-hour work week, so that's a pro for people with families.

Cons

Maybe the experiences are different when you were hired by the company proper and not absorbed as part of a company that got purchased by them, but I never got the feeling upper management cared about us. It's hard to keep personal morale up with that kind of environment. I thought it was silly that our internal upper management was forced to jump through all the hoops of LM's annual review process, when it was never made clear by any management - ours or LM's - how we could work better, individually or as a team, to increase productivity and be promoted and/or get raises. Not sure if this only applied to us "stepchildren" but I was a team leader and was required to provide feedback on my team members' work. One of our lower management bosses that was handling annual reviews for those staff said she had to change my ratings because there was a specific # of people who could be ranked at the highest level of merit and therefore those who weren't at that level weren't eligible for the best raises. While I realize that's standard in corporate, I did not anticipate this and got out there as soon as I could.

3.0
Dec 21, 2013
Recommend
CEO approval
Business Outlook

Pros

Large corporation with great industry status. Well respected by potential employers and average people. Premium rates for niche skills if you are willing to travel. Corporate locations typically have great facilities. Management is typically respectful of work/life balance if you demand it. Some really neat and important projects with great rates. Stocks are rockin!

Cons

Large corporation with many layers of management lacking real leadership qualities. No formal company-wide career advancement paths. If you want a serious raise you need to move jobs. Non-corporate work locations can be sketchy. Lockheed's business capture teams are fairly cutthroat, leaving workers to deal with the fallout on site. Program managers appear to be trained to walk all over anything in their way. Must be prepared to set and maintain boundaries. Many projects are fairly mundane and full of grumblers. No profit share, just 401k matching. They stopped pensions a few years ago. As someone else mentioned, annual gimme raise of 2-5% barely keeps up with healthcare increases.

3.0
Dec 18, 2013

Manager

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Salary, diversity, education benefits, work

Cons

Commit - subjective tool used to rate worker performance, politics, double standards, politics

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