Lockheed Martin

www.lockheedmartin.com
Employer Engaged
There are newer employer reviews for Lockheed Martin

2 people found this helpful  

Interesting projects; Bureaucratic, slow paced, poor compensation package

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Engineer
Former Employee - Engineer

I worked at Lockheed Martin full-time (more than 5 years)

Pros

-Interesting projects (especially for R&D or projects designing new systems). Work on projects that can have a big impact or addresses an important government need. You get the opportunity to create systems or products that are very tangible/deployable and protects lives.
-Work-life balance (though this is changing and getting worse)
-Flexible schedule - for engineers, it is generally not a problem if you come into work later in the day but also stay a little later at night to get work done. Very helpful for doctors appointments or picking up children for events.
-Engineering colleagues are generally pretty collegial, and you may get to work with some very brilliant people
-401k with company match, 100% vested immediately
-Well known defense contractor

Cons

-Not a "hot" technology employer. LM does not have the pull or allure of a Google/Amazon.
-A lot of the systems you will work on are very old/outdated, and the skills you develop here will only be helpful in the defense industry. Especially for software programmers, a lot of the languages used are fairly old, and from what I have seen from friends looking to transition over into the commercial tech sector, the skills you develop here are not attractive to other employers.
-Bureaucratic and slow paced; decisions need buy-in from multiple different managers (even if they are only tangentially related to the project), which requires many meetings and follow on meetings.
-Overall compensation package is not good. Salaries are below market average. No year end bonuses. Employees' performance is graded on a normal curve, and the nominal wage increase barely beats inflation. Health insurance plan is a common complaint among employees.
-Job security: current cuts in the defense budget and projected slowdown in defense expenditures point to a lot of belt tightening. LM has gone through a series of layoffs over the last few years. This has led to poor morale and has further exacerbated the next point:
-Political, territorial, and top heavy management. Some projects have more managers than actual engineers/workers. Some managers have no understanding of the technical product they are overseeing, which can lead to bad decisions and stressful/unreasonable demands on engineers.
-Lack of diversity.

Advice to ManagementAdvice

-Reduce the frequency of layoffs. Morale suffers each time a layoff is instituted. Do it once, and get it right. LM has gone through at least one round of layoffs every year for the last four years. The unstable situation will drive talent away.
-Advise First Line Managers that it is their job to help line up work for their direct reports. Too many times FLMs have told their own employees, "if you do not have a contract to work on, you need to find one." Is it the employee's job to work on a project or look for a project to work on?
-Pay very close attention to employee survey responses regarding First Line Managers and middle management and take action. Every year employees fill out surveys and rate their direct manager as well as their department heads. Every year the responses show that there is a lot of dissatisfaction towards certain managers. FLMs and management then frequently explain away the dissatisfaction, write up an action plan for improvement, and then never follow through. If the manager employee relationship is not good, this will drive away talent.
-Provide tangible career advancement opportunities for the ambitious and engaged employees. Instituting promotion freezes just because people were laid off should not be related (i.e. if a person performs well and deserves a promotion, then promote him/her). Not doing so will drive away talent.
-Recognize that you need to compete for top engineering talent, and that you are competing against Google, Amazon, Apple, etc. If you do not compete for top talent, your long term capabilities and quality will suffer, which will result in a greater difficulty in competing on contracts and attracting talent.

Negative Outlook
Approves of CEO

2672 Other Employee Reviews for Lockheed Martin (View Most Recent)

Sort: Rating Date
  1. 4 people found this helpful  

    I was a Technical Writer/Editor III for Lockheed Martin from March 2000 to November 15, 2013.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Technical Writer/Editor III in Manassas, VA
    Former Employee - Technical Writer/Editor III in Manassas, VA

    I worked at Lockheed Martin full-time (more than 10 years)

    Pros

    Very good company to work for. Good location.

    Cons

    I didn't expect to be laid off after almost 14 years with the company but there were layoffs due to decreased government funding.

    Advice to ManagementAdvice

    If you know a person is going to be laid off, tell them when you find out about it and don't wait until the day you are going to walk him/her out. This would give them a chance to search for a different job instead of being out in the cold. The past Christmas was the worst I ever had because we didn't have any money for gifts and we didn't even have any food.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Lockheed Martin was a good company to work for but the management staff was terrible

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Tech Support in Washington, DC
    Current Contractor - Tech Support in Washington, DC

    I have been working at Lockheed Martin as a contractor (less than a year)

    Pros

    Coworkers were easy to get along with. Employees really grasped the concept of being a team and working to build up each other

    Cons

    There was an a lack of organization within the management staff. Employee witnessing disputes between lower and higher level management is never good for team moral

    Advice to ManagementAdvice

    Stop being jealous of other management. Employees will always develop different relationships with your

    Recommends
    Neutral Outlook
    Approves of CEO
There are newer employer reviews for Lockheed Martin

Work at Lockheed Martin? Share Your Experiences

Lockheed Martin

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.