There are newer employer reviews for Lockheed Martin
There are newer employer reviews for Lockheed Martin

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Large company plus, large company minuses

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Senior Systems Engineer in San Jose, CA
Current Employee - Senior Systems Engineer in San Jose, CA

I have been working at Lockheed Martin

Recommends
Recommends

Pros

Lateral movement within the company is no only easy, but encouraged. However one has to take the initiative in this. Deep IT infrastructure for every facet of employment from Benefits Enrollment to retirement savings management. Full or partial tuition reimbursement

Cons

Is very by the book in terms of vertical movement. Hard and fast rules about minimum years of experience for each level of employment. As a large, very large company, roles and responsibilities can be very compartmentalized with a narrow focus. Changing one's scenery often means changing to another job on another team.

Advice to Management

Reach out even more to younger employees

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  1. Helpful (3)

    Stay away from LockMart

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Systems Engineer Senior in Colorado Springs, CO
    Former Employee - Systems Engineer Senior in Colorado Springs, CO

    I worked at Lockheed Martin

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Good job security, good vacation benefits (3 weeks per person), generally friendly people to work with.

    Cons

    You're treated like a cog in a machine. You stay in whatever job your management decides to place you in until the contract funding runs dry, then you get placed in something else you'll like even less. Management says they care about your career development, but then they don't approve any training (provided any training exists, which at Lockheed Martin, that's a big question). The motto for career development is "Manage your own career," but they don't give you any power or authority to look for other positions in the company and they don't pay much toward college tuition. Pay and benefits are substandard compared to the rest of the industry. I went to Northrop Grumman and got a 15% pay raise for jumping over, and I got the same insurance benefits for half the cost. The 401k benefits were almost identical, too. The pension plan at Lockheed Martin went away in lieu of a capital accumulation plan (CAP) soon after I joined which changed the vesting from 5 years (pension) to 3 years (CAP). Basically, new employees got vested before I did, and I joined the company a year before they did. The vacation benefit is a hoax because you never have enough money to take a vacation anywhere; they seriously don't expect you to take vacation, either, as they have a cap of something like 500 hours of accumulated vacation.

    Advice to Management

    Allow your employees to develop their careers if that's what you expect. Pay your people better. If you expect to be a first-class defense contractor, then pay that way.


  2. Helpful (2)

    A great place to start your career, just be careful about staying too long.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in Sunnyvale, CA
    Current Employee - Financial Analyst in Sunnyvale, CA

    I have been working at Lockheed Martin

    No opinion of CEO
    No opinion of CEO

    Pros

    Good benefits, opportunities to move around in the company, partial tuition reimbursement. You can learn a lot from the people who have been there awhile if they are willing to teach you. Also it is really difficult to get fired unless you really mess up.

    Cons

    Easy to get stuck in one place if you don't take the initiative to look for different types of jobs within the company. Many people stay in one place for 20-30 years - these people often don't want to help out the younger folk for fear of job security.

    Advice to Management

    Stop spending all your time in meetings and be more available to your employees.


There are newer employer reviews for Lockheed Martin
There are newer employer reviews for Lockheed Martin

See Most Recent

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