613 employees reported this benefit
Lockheed Martin provides paid time off for vacations, holidays, bereavement, jury duty, military leave, and sick leave.
as a newer employee this is pretty good. coupled with the 9/80 schedule where you get every other Friday off
3 weeks a year plus another week of flex plus vacation
3 weeks of vacation and 40 hrs of sick/personal business time
Good work/life balance. As of 2018: New Paid time off plan is disliked by most employees.
Depending on the program it can be 2-3 weeks, the bad part is it takes a VERY long time 10-15+ years before that increases and it only increased by a day or two at a time. Where other companies you might be at 4-6 weeks after 10-15-20 years, that won't happen at LM, and you can only bank a maximum of 400 hours of vacation., where other companies will let you bank 2-3 times that.
Very few holidays, but pretty good vacation time and carry-over policy
Paid time off is good- Plant shuts down during the holidays, vacations is standard
Union Employee? 2 weeks until you have 10 years of seniority. Salary Employee? 3 Weeks.
-Recently restructured on my program to start at 3 weeks vacation + PTO. -Some requirements of using PTO (vs vacation) are arbitrary and hard to get a clear answer on from your HR partner. -Option to sell some vacation each year for cash might be attractive to some. -Vacation carries over from year to year to a maximum 'bank' of 10 weeks.
2 - 3 weeks per year plus holidays and sick time.