578 employees reported this benefit
Lockheed Martin provides paid time off for vacations, holidays, bereavement, jury duty, military leave, and sick leave.
This information about the Vacation & Paid Time Off benefit at Lockheed Martin is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Lockheed Martin. The description here may not reflect the current Lockheed Martin Vacation & Paid Time Off benefit.
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.
Pretty decent starting out at around 3 weeks and increasing after 15 (!) years of service. The 9/80 work schedule is delightful and the holiday shutdown from xmas through New Year's is appreciated.
3 weeks with sliding scale up to 4 weeks depending on years of service (over 10 years) capped at carrying 400 hours. Sick time replaced in 2018 with 40 hours paid time off (PTO). Good luck getting permission to use any.
There is no documented amount of sick time, yet if you need it and use it; you are reprimanded. It’s almost a contest between the managers as to whose department can use the least amount of sick time.