Lockheed Martin reviews

4.1

83% would recommend to a friend

(3,549 total reviews)
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James D. Taiclet

82% approve of CEO

72% positive business outlook

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4K reviews

Reviews about "Compensation"

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4.0
Oct 3, 2012
Recommend
CEO approval
Business Outlook

Pros

Plenty of resources and knowledgable people Education Assistance Competitive Salary/Benefits Excellent Work/Life Balance Decent Management

Cons

Typical big company; very political. The opportunity to move around in the company is there, but unless you don't network or "know someone" those opportunities are almost non-existant, regardless how good of an employee you are. The level in which your job is based on could more than likely be inaccurate, as it is based off of years of professional and relevant experience. That said, most military experience will not carry over, for some reason.

4.0
Sep 16, 2012

Good Overall, Especially the Benefits

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Good pay and benefits. Many useful discounts with partner companies. 401K match up to 4% of salary, with Roth 401K option. Three weeks of vacation per year that rolls over from year to year, not including paid holidays. Salaried employees can be paid for overtime if approved by management, which helps bump up the salary. - Being a large company, there are many opportunities to transition to different positions within the company when they come available. Upper management will usually help employees make these transitions as long as the skill sets are a fit, which probably helps with employee retention.

Cons

- Depending on the area you are working, there can be lots of office politics. - Being a large company, there is a lot of standard procedure which sometimes acts as red tape. - Employee performance review system continues to evolve but the latest version was poorly executed and is difficult to use.

3.0
Sep 16, 2012
Recommend
CEO approval
Business Outlook

Pros

Applies to Moorestown site. Great engineers-both personally and professionally, decent pay although slightly below average (which is common in defense industry), good benefits, flexible work scheduling, most engineers guaranteed raises every year through ASPEP Association (like a union with no forced dues). Has doctor/medical staff on site.

Cons

Applies to Moorestown site. Management slow to innovate on some projects. Only allowed to choose company health "insurance", which is not good for families. Too many layers of management, which makes growth opportunities difficult. Layoffs do not properly affect "soft spots", teams are hit rather than individually selecting low-performing engineers from all departments. Performance rating is determined by forcing all engineers into a bell-curve ranking, with a fixed amount of above average ratings allowed-this allows politics to affect the rating system. Some non-engineers can receive an average rating (3 out or 5), yet get no raise. Association is very weak when dealing with company management for periodic contract renewal. Some managers are much less flexible with work schedules than others, even compared with other managers in the same department..

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