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
Sep 4, 2012
Recommend
CEO approval
Business Outlook

Pros

Company was very dedicated to recognizing and rewarding their employees for work performance Great opportunity to socialize and network with senior management, provided a sense that they cared about their workforce You were restricted to working 8 hours a day, nothing more without management approval

Cons

Opening salary was inadequate for surrounding area and didn't seem fair when compared to others performing the same functions Management was quick to cut ties when they receive your resignation

1.0
Sep 3, 2012
Recommend
CEO approval
Business Outlook

Pros

Most fellows are truly talented and amazing individuals at LM. I get a steady paycheck. Flexible work hours if you have the right managers.

Cons

Poor talent management: Salary grade 4-6 people sleeping in their cubes all day. Poor talent management: People all around me fail to execute and it just continues. Poor talent management: Talented people salary grade 1-3 are constantly leaving the company. Poor talent management: Extreme salary compression. Unethical practices: Managers discouraging innovation and solutions so that LM can charge the government more billable hours, which results in a higher profit for the company. Unethical practices: Inconsistent labor charging practices. Unethical practices: Ethics reporting ignored. Poor culture: Career path is most influenced by who you know. Second most influenced by number of years at the company. And least influenced by work performance. Poor culture: Putting out fires is rewarded. Preventing fires is unrewarded and sometimes punished (see first unethical practices point). The highest performing young talent all seem to have one foot out the door. As soon as the economy gets better, I predict a mass exodus.

4.0
Sep 3, 2012
Recommend
CEO approval
Business Outlook

Pros

Flexible schedules, good benefits, many job opportunities, ethical company, great onsite gym program for workouts and health/fitness, a pension program (no longer available to new hires or rehires though)

Cons

Slow decision making process, few monetary rewards outside of salary and benefits, few developmental opportunities for mid level professional, conservative culture, government budget cuts always looming.

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