Lockheed Martin

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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

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

Other reviews for Lockheed Martin

  1. 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

    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
  2. 6 people found this helpful  

    It's like working with zombies

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

    Pros

    Lockheed is a great name to have on your resume when you're looking for a better job. As far as actually working at Lockheed, it's a huge company doing mostly government contracting, so it's somewhat resistant to economic swings, but there have been layoffs in the last year.

    Cons

    Most the people in management at the Manassas site are holdovers from before the site was a Lockheed facility. These people are entrenched in their jobs and are resistant to any change. There is an incredibly strong "good ole boys" atmosphere, and it is next to impossible to advance if you're not part of the club, or willing to do some serious brown-nosing. This also leads to a culture of employees being fearful of reporting anything that's unfair, unethical, or worse out of fear of retaliation.

    Lockheed uses a forced ranking performance assessment process which drops employees into five performance categories, with well over half getting the middle "successful" category. The performance evaluation criteria are intentionally extremely vague so that management can justify giving anybody any assessment. Even with such a wide open system, the managers don't even bother to make it appear that they actually follow the system to evaluate employees. I know from looking at my manager's publicly available Outlook calendar that the managers finished ranking employees in my department last year BEFORE the peer and lead ("multi-raters") input was collected. They didn't even bother to hear what coworkers had to say about us! They just got together, sat in a room, and decided which employees they liked best.

    Advice to ManagementAdvice

    You claim to hire only the best and brightest, but that is far from the truth. There is an incredible amount of dead weight, and nobody in a position of power seems to care. Probably around 20% of employees and 50% of managers could be fired with little to no impact to site productivity. There's a reason we are losing work to smaller, low-overhead contractors.

    Reform the employee performance evaluation system and make the lazy managers do their jobs. You are hemorrhaging talent due do employee disillusion, and it will only get worse if the economy improves.

    Doesn't Recommend
    Disapproves of CEO
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