Pros
Two months after LGS Innovations' acquisition, I finally found one! Their 401(k) match is paid out for paid overtime. LGS was a great place to work; it's really too bad that it no longer exists.
Cons
LGS used to be a great company to work for. Then it was purchased by CACI. Our new CEO flew out to meet with us at Westminster, disregarded all of our concerns, and told us to suck it up and deal with the fact that we were purchased. Oh, and there was an immediate substantial layoff in nearly all support roles (HR, IT, etc.) with next to zero transition time. Even LGS leadership told us this was not handled well. After the transaction closed, the hits started coming. - Our 401(k) match has been reduced from a 1-for-1 5% match to a 1-for-2 4% match. - Vesting of the 401(k) is now a three-year cliff schedule, versus the previous more generous graduated vesting at LGS. - The actual deposit of the 401(k) contributions can be expected to take one to two weeks payday, which is already one week in arrears. - CACI's layer of expense report auditing exists to prevent employees from getting reimbursed. So many roadblocks are put in place that it is all but impossible to get reimbursed quicker than a month, and doing business with our customers is considerably more difficult as a result. Employees are now floating the cost of 3+ business trips. - Many employees have had money withheld incorrectly from their paychecks, including everything from incorrect healthcare costs to taxes being withheld for an incorrect state. - Did I mention that the CEO actually told us, in person, that he didn't care about our concerns??? - CACI has told us that our current benefits package (aside from the 401(k)) will remain the same for the next two years. After that, it's up in the air. Given that CACI's benefits package is a significant downgrade from what LGS offers, the writing is on the wall. - CACI has told us not to expect another round of layoffs, but many employees are nervous that another round is coming, especially given that the future of some of our products is now in question.