There are newer employer reviews for Raytheon
There are newer employer reviews for Raytheon

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Helpful (6)

Good benefits and interesting work, but sometimes a bit too "old school".

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Engineering Manager in Tewksbury, MA
Current Employee - Engineering Manager in Tewksbury, MA
Recommends
Negative Outlook
Approves of CEO

I have been working at Raytheon full-time (More than 8 years)

Pros

1) Benefits and Work/Life Balance. Solid benefits package (though it's been reduced in recent years) and generally good flexibility when it comes to work hours. Among the key niceties, they have a "9/80" schedule available where you can work 9.0 hours each day and take every-other Friday off. They also offer tuition reimbursement for advanced degrees, and there are opportunities on certain projects to get paid for your overtime -- even as a salaried employee. Nobody will make you feel bad for taking time off, even during busy times of the year. 2) The Work. This is a large company that develops a wide array of interesting products for military customers. They handle product development as well as a lot of their own manufacturing, so at many work sites you can simply walk down the hall and see how whatever you're creating fits into the larger picture of a massive defense system.

Cons

I don't mean to stress the cons, but these are the things that are "less than ideal". 1) Performance incentives straight out of communist Russia. Yearly bonuses for anyone below executive level are silly small (2-4%) and aren't based on individual performance, but overall business unit and company performance. Also, don't expect anything but a single-digit percentage raise...that's even if you consistently perform well, get a great performance rating, and get promoted. Then crack open the annual report and see some execs making multimillions that are getting better percentages from year-to-year. Average raises for engineers are 3% or 4%, with max around 8%. This is especially troubling for younger employees that need quicker growth to pay off student loans and start families. I've seen many bright engineers that start after college leave after 3-5 years and get 20%-30% raises to go to commercial companies (or even other defense contractors). As a result, much of the young top talent leaves quickly for greener pastures. That, and the fact that it's difficult to innovate due to points 2 and 3, below. 2) Aging workforce. They sure do know their stuff, but a lot of employees are grumpy old defense personalities from the tail end of the cold war era. They're also 90% men and they will make up the majority of your co-workers. I've heard estimates that as many as 50% of the company's engineers are aged 50 or older. Therefore, if you're 35 or younger, prepare to constantly feel like you're working with your dad...or grand-dad. Holy cynicism, batman. Expect change to happen very slowly. 3) Bureaucracy. The federal government imposes a seriously stifling wet blanket of rules and regulations on defense contractors. Pretty much everything is hugely confusing and difficult to navigate (think of doing your own taxes to the twenty-fifth power). There's redundancy in the government's own product line, and the sea of acronyms, paperwork, and process can make you feel small, inefficient, and like it's impossible to understand anything or get anything done. What you do get done will get done slowly.

Advice to Management

Work harder to retain young talent (yes, this will be more difficult in coming years as the defense budget wanes). This includes creating an environment that better fosters creativity and gives larger raises to high performers who are low on the totem pole.

Other Employee Reviews for Raytheon

  1. Helpful (4)

    Raytheon offers engaging work with decent pay and benefits.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer I in Tucson, AZ
    Current Employee - Software Engineer I in Tucson, AZ
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Raytheon full-time (More than 3 years)

    Pros

    Employees start with two weeks of paid time off, and they get an extra week after their one year anniversary. Further increases in PTO are much slower. Employees can carry 40 hours of unused PTO for the next year (the carry-over must be used by September, though). Raytheon offers matching 401(K) contributions plan up to 5% of an employee's salary, or the maximum annual 401(K) contribution as allowed by law, whichever is less. The company offers both traditional and Roth IRA's. I think that new employees start with 2% matches and get an additional 1% in the following three years. The company has a number of healthcare plans available to employees and their families. The company pays part of the cost of each plan. Alternate Fridays are off-days. Much of the company works on a 9/80 schedule, which means that they work 80 hours in 9 days, as opposed to the usual 10 days. This means that employees work 9 hours per day Monday through Thursday, 8 hours on a Friday, and have the other Friday off. I consider my work engaging and interesting, but that's because my position does not require me to do the same thing every day. I am aware that there are positions that involve repetitive and tedious work. The pay is decent. The company has a program that reimburses up to $10,000 in education costs per year, but the money will be taken back if the employee voluntarily leaves the company during the next two years. The company makes a concentrated effort to support ethics, diversity, and healthy living in the workplace. The machinists can enroll in a union, the International Association of Machinists & Aerospace Workers.

    Cons

    The annual merit-based pay raises are barely above inflation. At least in techincal services, merit-based bonuses are usually in the form of a $1,000 achievement award awarded once per year, which are subject to 25%-35% in taxes, depending on the employee's tax bracket. Many engineering jobs require knowledge of specialized software and many years of experience, so they can be hard to obtain if the applicant did not previously work in the defense industry. Exempt employees, which includes administrative, executive, and professional employees, do not receive overtime pay. They can work "extended time", instead. Extended time is paid at the regular hourly rate (as opposed to one and a half times the regular rate for overtime) and requires the manager's approval ahead of time. Some employees become corporate drones and find a niche position where they attempt to become irreplaceable to their organization. As with any large organization, there is a significant amount of bureaucracy that can cause simple tasks to take longer than expected.

    Advice to Management

    It's in the company's best interest to retain talented employees. They can be kept only for so long by promises of promotion or education reimbursement.


  2. Excellent company to work for

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Industrial Security Specialist in Woburn, MA
    Former Employee - Industrial Security Specialist in Woburn, MA
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Raytheon full-time (More than a year)

    Pros

    Work/life balance, low stress, decent pay,

    Cons

    Some managers play favorites, lots of ball washing, at times candidates were selected based on degree levels not experience.

    Advice to Management

    Focus more on the importance of the security (IT/Program) staff


There are newer employer reviews for Raytheon
There are newer employer reviews for Raytheon

See Most Recent

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