Lockheed Martin - Horrible compensation | Glassdoor
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There are newer employer reviews for Lockheed Martin

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Helpful (2)

"Horrible compensation"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Multi Functional Financial Analyst in Fort Worth, TX
Current Employee - Multi Functional Financial Analyst in Fort Worth, TX
Doesn't Recommend
Neutral Outlook
No opinion of CEO

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

Pros

Every other Friday off is nice.

Cons

The pay is horrible. They expect you to work weekends and off Fridays for month end for no additional compensation. The pay is way too low. Takes forever to move up. Pay is a joke. No windows in the building, so its a very depressing environment. Have I mentioned the ridiculously low pay? The only way to get a higher raise is to compete against your fellow coworkers, so you don't really want to help eachother because you need to try to look better than everyone else. There is a stab eachother in the back mentality that makes teamwork hard. The work is repetitive and boring. A monkey could be trained to do it.

Advice to Management

Can be micro managing.

Other Employee Reviews for Lockheed Martin

  1. "Working towards my career and taking it elsewhere"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Business Analyst in Fort Worth, TX
    Current Employee - Senior Business Analyst in Fort Worth, TX
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Flexible schedule. Ok insurance benefits, although costs continue to increase as benefits diminish.

    Cons

    Cons – Performance review system recently "improved" is too complex, not well explained, and hence fraught with more excessive inequities than the previous system. Instructions for entering "commitments" are vague, general, bloated with corporate-speak, and effectively meaningless. End result is that any employee not in favor can always be told that (s)he did not meet expectations. Raises and advancement have very little correlation to ability and performance. Employees often are not used in their areas of expertise. The company has become totally oriented to the bottom line with little to no true concern for the well-being of the employees, although much lip-service is given to the contrary. Employees are pushed in never-ending cycles to meet schedule after overlapping schedule, forced by the "bottom line" to push out shoddy software in order to come in at or below increasingly unrealistic budget constraints.

    Advice to Management

    Advice to Senior Management – Employees evaluating themselves and each other does nothing but add stress and lower morale.


  2. "Lockheed Martin Aeronautics"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Electrical Engineer in Fort Worth, TX
    Former Employee - Senior Electrical Engineer in Fort Worth, TX
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great place to develop your skills, make long lasting connections, work on incredible program and technologies

    Cons

    Business structure for hiring and laying off is antiquated and incredibly arbitrary, many dead weight engineers in senior posts that you have to work around, endless compliance training and HR methods, no support for HR initiatives that are beneficial, good old boy network still in existence but dying out slowly

    Advice to Management

    Train your mid level managers why some HR initiatives are beneficial and make them take it seriously, learn to fire the right people not just new engineers to meet a quota, learn that firings need to happen when you have a culture of dead weight

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

See Most Recent

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