Lockheed Martin - Great value overall in compensation/flexibility, a few irks specific to the department | Glassdoor
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Helpful (1)

"Great value overall in compensation/flexibility, a few irks specific to the department"

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  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Cost Analyst in Palmdale, CA
Current Employee - Cost Analyst in Palmdale, CA
Recommends
Neutral Outlook
No opinion of CEO

I have been working at Lockheed Martin full-time (More than 5 years)

Pros

Salary itself is good, although factoring in the 401K company matching (up to 4%) + company retirement contributions (3%), and divide that by the average number of hours per work week (usually 45 or less), then consider in the job security, I would say the overall value is quite high. Part time telecommuting is a great perk that allows alot of flexibility and life balance.

Cons

As a company, I'd agree with the consensus that growth/promotions are slow (if you can wait around ten years, things should be quite different), value of health benefits are decreasing over time, excessive number of management positions with seemingly vague and overlapping repsonsibilities, wide disparity in terms of workloads/accountabilty/rewards between departments (or even between people in the same cubical) and too many talented newcomers are would-be movers and shakers that get frustrated and leave because of the status quo (unfortunately, leaving the B team in the leadership pipeline to run the company).

Advice to Management

It would benefit morale and productivity if the company to become more meritocratic.

Other Employee Reviews for Lockheed Martin

  1. "Accountant, EBS"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Accountant in Cherry Hill, NJ
    Current Employee - Accountant in Cherry Hill, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Lockheed Martin full-time (More than a year)

    Pros

    No micromanaging, open door policy, ease of communication.

    Cons

    Poor management decision making which was mainly due to lack of interest from executives. Managers are afraid to promote or give awards due to budgets and fail to realize how that affects career advancement for employees. Managers don't take pride in having the best team instead they think of ways to avoid having to give awards and recognition to meet the budgets set by executives.

    Advice to Management

    Grow a backbone and increase communication with executive management regarding all the roles and responsibilities your team is in charge of. Take pride in having the best team in the organization and promote advancement and recognition.


  2. "It Is What it Is"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Aircraft Assembler in Fort Worth, TX
    Former Employee - Aircraft Assembler in Fort Worth, TX
    Recommends
    Neutral Outlook

    I worked at Lockheed Martin full-time (More than 8 years)

    Pros

    Good pay. A lot of opportunities for a lot of different kinds of positions. Tuition reimbursement. Every other Friday off for salaried people who do not work over time. A lot of work for a lot of engineers.

    Cons

    Top down political culture that does not focus on productivity. But if you are a politician that is not worried about productivity that is a pro.

    Advice to Management

    You do not have a choice. Just do not make waves because they will bounce off the wall and come back to sink you.

There are newer employer reviews for Lockheed Martin
There are newer employer reviews for Lockheed Martin

See Most Recent

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