LMI reviews

3.8

71% would recommend to a friend

(154 total reviews)
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Josh Wilson

81% approve of CEO

61% positive business outlook

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154 reviews

Reviews about "Compensation"

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1.0
Jan 7, 2015
Recommend
CEO approval
Business Outlook

Pros

Loyal staff who remain despite the negative actions of senior management. Talented senior staff with many years of experience in government offering back to government their discernment and insight into the challenging issues faced by government. Until recent years, LMI was led by retired Generals or Admirals who understood leadership and how to motivate people; who shared risk, reward, and sacrifice faced by others; who maintained a relatively flat organization where even junior staff had an office comparable to managers and titles were not important.

Cons

Senior managers, led by the current CEO, who are trying to make LMI in the image of a smaller Booz Allen or Deloitte. Unfortunately with a smaller direct-charge base, LMI cannot spread its overhead costs across as broad a workforce, and so cannot compete effectively on a “low cost” basis, even as it adopts that as a business strategy and loses experienced talent from “grey hairs” that the CEO has said do not have a future at LMI. A recent move resulted in non-managers losing their offices and being assigned to cubicles. Adding insult to injury, staff were told that compensation would be reduced by 5% because of the need for “belt-tightening.” Yet, while staff are seeing compensation drop by $5,000 or $10,000 per year, documents show that the CEO has seen his compensation sky-rocket, receiving over $1.0 million in annual bonus on top of a salary of about $500,000. As the current senior consultants leave, it will become increasingly difficult to attract top level talent with government managerial experience to replace them. As an added note, there has been considerable grumbling about the move into a new "open work place" configuration -- on the same day that the Washington Post ran an article saying open work space (like we now have) leads to lower productivity, higher stress, and less employee satisfaction. Yet one Director told staff that "management is taking names" of those who complain. .

1.0
Jan 6, 2015
Recommend
CEO approval
Business Outlook

Pros

There used to be great people working there who really cared about LMI clients. The staff had extensive experience with government agencies and practices.

Cons

Recent years have shown benefits slashed, salaries stagnant and loss of valuable staff in favor of cheaper less experienced people. Upper management continues to cut back on many of the things that originally made LMI a great place to work, while at the same time boasting about record earnings. Only top management get any kind of bonus or raises. There is also a very uneven enforcement of policies and procedures across business units or even within groups. There is little to no advancement and the company continues I to spiral downward.

1.0
Nov 4, 2014

Who are we?

Recommend
CEO approval
Business Outlook

Pros

It was a great company once. Employees and officers used to be mission focused. There was only one goal: providing superior client service.

Cons

Things started going downhill gradually in 2009 when the current CEO took charge. He convinced us there was an immediate need for benefit cuts (elimination of $500 Flexible Spending Account contribution; switch to a cheaper medical insurance provider with staff experiencing severe decline in service quality; removal of holiday on Friday after Thanksgiving even when funding goals were met or exceeded; removal of backup daycare service with Bright Horizons Child Care; re-characterization of sick leave). Two more benefit changes that will be effective January 2015: 1. All employees except management will lose their private offices. This is not a big deal for employees at other companies. However for LMI staff this was a generous offering that made us feel appreciated. 2. In September 2014 a reduction of 5% in retirement contributions was announced. This brings LMI's contribution down from 12% to 7%. That is still quite good compared to industry norms. This needs to be viewed holistically: LMI's base salary was lower compared to our competitors'. However LMI more than made it up with all the generous benefits listed above. When those benefits are also reduced employee satisfaction becomes a problem. It is admirable that employees are still willing to strongly support LMI despite the recently announced benefit cutbacks. There is only one problem: sacrifice is only expected from the rank-and-file. Officer compensation has skyrocketed since the current CEO took charge in 2009. Where is the proof? As a not-for-profit, the IRS requires LMI to submit Form 990 that breaks out major expense categories. One of these categories is officer compensation. All this is public information. Glassdoor doesn't allow links to be provided in reviews. LMI's 990 forms can be viewed at Foundationcenter dot org as PDF documents. The following are the page numbers for each of the FYs: Page 26 for FY09; page 27 for FY10; page 27 for FY11. There was a shocking increase in FY10: officer bonuses went up by over 2,000% (that is not a typo). Compensation decreased slightly in FY11 for them. This is a terrible message from management to the employees. Nobody is advocating socialism but shared sacrifice would be much appreciated. Especially for a not-or-profit, officer compensation seems astronomical. As comparison, MITRE's CEO (admittedly an FFRDC) made over $1 million in FY11. However their funding level was over $1 billion. LMIs funding in FY11 was $207 million and the CEO made $636,000. So while staff have been lulled into believing their bonuses have increased by approximately 3-4% over the years, it has come at the price of heavy benefit cuts and steep increase in executive compensation. How is that for a fair trade?

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