Lockheed Martin reviews

4.1

83% would recommend to a friend

(3,558 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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4.0
Feb 15, 2013
Recommend
CEO approval
Business Outlook

Pros

Salary itself is good, although factoring in the 401K company matching (up to 4%) + company retirement contributions (3%), and divide that by the average number of hours per work week (usually 45 or less), then consider in the job security, I would say the overall value is quite high. Part time telecommuting is a great perk that allows alot of flexibility and life balance.

Cons

As a company, I'd agree with the consensus that growth/promotions are slow (if you can wait around ten years, things should be quite different), value of health benefits are decreasing over time, excessive number of management positions with seemingly vague and overlapping repsonsibilities, wide disparity in terms of workloads/accountabilty/rewards between departments (or even between people in the same cubical) and too many talented newcomers are would-be movers and shakers that get frustrated and leave because of the status quo (unfortunately, leaving the B team in the leadership pipeline to run the company).

2.0
Feb 12, 2013
Recommend
CEO approval
Business Outlook

Pros

A large organization, if you keep your head down, and have a solid education, you can have some job security.

Cons

Complete lack of concern for employees. They will hire someone away from another job, just to have them burn through some money for one week and then fire them. Pretentious, arrogant management. During a serious snowstorm, the mayor of Baltimore declared it to be against the law for anyone to be on the streets driving in Baltimore due to overwhlemed city emergency response. Lockheed made sure that they declared themselves open, so that they could bill Social Security and not have to pay out to employees. It's a good place to start out of school, but there are no raises, and you're simply filling a chair.

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