Lockheed Martin reviews

4.1

84% would recommend to a friend

(3,566 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
Sep 4, 2019

Decent for family life

Recommend
CEO approval
Business Outlook

Pros

9/80 schedule offers flexibility and every other Friday off. Management usually has your back. Wide array of benefits such as HSA, college discounts for family members, 401k,

Cons

Constantly outsourcing jobs to subcontractors instead of hiring actual staff. Got rid of pensions and therefore any incentive to stay at the company and not chase the dollar. All these other reviews about no promotions unless you change jobs is 1000% correct. Always shorthanded and an evident refusal to hire enough employees to get the job done on schedule without OT. For non hourly jobs, OT is straight time, not time and a half, and there is a 5 hour gate, so from hours 40.1-45 you earn 0 dollars. Hourly employees get time and a half for anything over 40. Some managers have absolutely zero clue how anything actually gets done and are poor leaders. Low pay - I rejected their first offer and got them to come up about 8k, then within my first year I got a market adjustment raise because it was still too low.

4.0
Aug 30, 2019

Limited Work

Recommend
CEO approval
Business Outlook

Pros

The workload can be interesting and there is plenty of overtime to be had. There are occasional travel opportunities. There are some movements that might fix many of the cons but the people making the changes are at the senior management level and don't seem to have the backing of their superiors.

Cons

Pay is roughly 20% below market value across the board, benefits are standard for the industry. There is very little opportunity for advancement past the senior level and promotions are not based on performance . This location is somewhat cutoff from larger Lockheed Martin as it is a government owned contractor operated location. This also means there is no R&D and very little training or overhead budget.

4.0
Aug 24, 2019
Recommend
CEO approval
Business Outlook

Pros

Good salaries. Decent benefits. Interesting work. Will pay overtime to salaried workers in certain circumstances. Layoffs are rare. When layoffs do occur, they are managed fairly and with significant advance notice.

Cons

Promotions are rare for senior level and difficult. You have to change positions to get promoted. But, most internal positions are "wired". Bonuses and cash awards are a joke.

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