There are newer employer reviews for Lockheed Martin

1 person found this helpful  

Lockheed offers interesting work and a very flexible work environment

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Software Engineer Senior  in  Gaithersburg, MD
Current Employee - Software Engineer Senior in Gaithersburg, MD

I have been working at Lockheed Martin

Pros

One of the most attractive things about Lockheed Martin is the technology that employees are exposed to. As a premier systems integrator, Lockheed has a long-standing reputation for solving large, complex problems, something most engineers salivate over. Lockheed focuses on promoting an inclusive, diverse work environment, a perk not often cited, but one that I've come to really appreciate. The benefits are fairly standard, if not above average and the size of Lockheed allows for some of the best employee discount offerings around. Arguably the best benefit, outside of interesting work, is the flexible schedule that Lockheed offers. Employees have the ability to work their own schedule based on both personal (doctor's appointment, sick kids, etc.) and professional needs (deadline to meet, unexpected proposal to write) as long as they meet 40 hours for the week. For me, that usually means front loading hours during the beginning and middle of the week and cutting out a few hours early on Friday.

Cons

While compensation at Lockheed is fair, other smaller firms may offer more competitive salaries. Also, compensation is very much tied to tenure. While Lockheed is working to focus more on pay for performance, there is still a heavy positive correlation between years in the chair and salary regardless of abilities. As a large systems integrator focusing on systems engineering, work at Lockheed can sometimes get bogged down by processes and documentation.

Advice to ManagementAdvice

Management needs to continue to focus on being adaptive and flexible, both in terms of business and with regard to employees.

Recommends
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2350 Other Employee Reviews for Lockheed Martin (View Most Recent)

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  1. 1 person found this helpful  

    Program Manager in Lockheed Health Division

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Program Manager  in  Rockville, MD
    Former Employee - Program Manager in Rockville, MD

    I worked at Lockheed Martin

    Pros

    Lockheed is an established company with well defined processes and management practices. it offers a very advanced intranet where information is generally easy to find.

    Cons

    Very rigid structure. For such a huge company they work offer the same job security and benefits of a tiny government contracting company. It is exatly like working for a very large placement agency. The company is also run like government, because the management is almost entirely from former government employees.

    Advice to ManagementAdvice

    For lower and middle management, be patient with government like bureaucracy.

    Recommends
    Approves of CEO
  2. 1 person found this helpful  

    Overall a good place to start your career here and a great place to work during the stability portion of your life.

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

    I have been working at Lockheed Martin

    Pros

    It is a very good place for a college graduate to start his/her career, especially if he/she gets into the leadership development programs (LDP). LDP practically pays for a free graduate degree and the job rotations allow a person to obtain different experiences in about half the time as a regular employee. Also, LDP does provide exposure to upper management.

    Overall, the benefits are good. The employee costs for the health, dental, vision, and life insurance plans are much less than many other companies out there. The funds available in the 401K are great. The costs are fairly low and many options are available. The company match of 50% up to 8% of your salary is decent. While three weeks of vacation is pretty good, many other companies either meet or beat this number.

    The company is good with promoting and following life/work balance.

    Cons

    Not all business units are created equal with benefits that are not regulated by corporate policy. For instance, some businesses allow employees to telecommute and flex their time; many other business units do not.

    The performance review is based on a quota and not enough is made to differentiate the successful contributors. There really are people who should be fired for poor performance and incompetence that are labeled as successful contributors. Also, you pretty much have to earn new business or perform well on bad programs in order to get the higher ratings and raises (which can be used towards higher health care costs).

    No matter how sexy program finance sounds, you will not like your job if your program has a lot of earned value management (EVM) requirements.

    Advice to ManagementAdvice

    The performance management system should be revamped. Find ways to segregate and differentiate the successful contributors who are really good (and didn't meet the quota for high contributors) and the ones who are borderline layoff candidates.

    Recommends
    Approves of CEO
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