Lockheed Martin reviews

4.1

83% would recommend to a friend

(3,557 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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3.0
Feb 17, 2013
Recommend
CEO approval
Business Outlook

Pros

Some parts of Lockheed treat their employees very well, very good Ethics department, overall benefits very good

Cons

Lockheed is a very fractured company and i am sure people reading about Lockheed are confused when they read reviews at web sites like this one. Lockheed divisions have different work weeks, pay bands in other works the Salary grades are standardized but the actual high and lows for the same cities can vary 15%. Work week varies, holiday schedule, amount of money you contribute to the health plan as well as the actual plan. Pay for performance merely means you will probably get more than the guy that performs less however they do force managers to put all their employees into groups poor good better best so someone has to be in the poor group pretty much no matter what. Managers are overworked some have 30+ employees to manage in addition to an actual job, plus now managers have to manage employees user accounts and new hires. The current process for reviews LMCommit is roundly hated by everyone but especially managers for them to do their job right for every employee would take weeks of unpaid work.

3.0
Feb 15, 2013
Recommend
CEO approval
Business Outlook

Pros

Excellent work/life balance benefits such as telecommuting A great place for middle aged employees that are just looking to cruise through the remainder of the careers and cash in on their pension

Cons

Extremely limited career advancement opportunities Pay scale is on the low end of the industry Limited opportunities for advancement and little reason for those without a pension to stay

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).

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