Lockheed Martin - Interesting projects; Bureaucratic, slow paced, poor compensation package | Glassdoor
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Helpful (2)

"Interesting projects; Bureaucratic, slow paced, poor compensation package"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Engineer
Former Employee - Engineer
Negative Outlook
Approves of CEO

I worked at Lockheed Martin full-time (More than 5 years)

Pros

-Interesting projects (especially for R&D or projects designing new systems). Work on projects that can have a big impact or addresses an important government need. You get the opportunity to create systems or products that are very tangible/deployable and protects lives.
-Work-life balance (though this is changing and getting worse)
-Flexible schedule - for engineers, it is generally not a problem if you come into work later in the day but also stay a little later at night to get work done. Very helpful for doctors appointments or picking up children for events.
-Engineering colleagues are generally pretty collegial, and you may get to work with some very brilliant people
-401k with company match, 100% vested immediately
-Well known defense contractor

Cons

-Not a "hot" technology employer. LM does not have the pull or allure of a Google/Amazon.
-A lot of the systems you will work on are very old/outdated, and the skills you develop here will only be helpful in the defense industry. Especially for software programmers, a lot of the languages used are fairly old, and from what I have seen from friends looking to transition over into the commercial tech sector, the skills you develop here are not attractive to other employers.
-Bureaucratic and slow paced; decisions need buy-in from multiple different managers (even if they are only tangentially related to the project), which requires many meetings and follow on meetings.
-Overall compensation package is not good. Salaries are below market average. No year end bonuses. Employees' performance is graded on a normal curve, and the nominal wage increase barely beats inflation. Health insurance plan is a common complaint among employees.
-Job security: current cuts in the defense budget and projected slowdown in defense expenditures point to a lot of belt tightening. LM has gone through a series of layoffs over the last few years. This has led to poor morale and has further exacerbated the next point:
-Political, territorial, and top heavy management. Some projects have more managers than actual engineers/workers. Some managers have no understanding of the technical product they are overseeing, which can lead to bad decisions and stressful/unreasonable demands on engineers.
-Lack of diversity.

Advice to Management

-Reduce the frequency of layoffs. Morale suffers each time a layoff is instituted. Do it once, and get it right. LM has gone through at least one round of layoffs every year for the last four years. The unstable situation will drive talent away.
-Advise First Line Managers that it is their job to help line up work for their direct reports. Too many times FLMs have told their own employees, "if you do not have a contract to work on, you need to find one." Is it the employee's job to work on a project or look for a project to work on?
-Pay very close attention to employee survey responses regarding First Line Managers and middle management and take action. Every year employees fill out surveys and rate their direct manager as well as their department heads. Every year the responses show that there is a lot of dissatisfaction towards certain managers. FLMs and management then frequently explain away the dissatisfaction, write up an action plan for improvement, and then never follow through. If the manager employee relationship is not good, this will drive away talent.
-Provide tangible career advancement opportunities for the ambitious and engaged employees. Instituting promotion freezes just because people were laid off should not be related (i.e. if a person performs well and deserves a promotion, then promote him/her). Not doing so will drive away talent.
-Recognize that you need to compete for top engineering talent, and that you are competing against Google, Amazon, Apple, etc. If you do not compete for top talent, your long term capabilities and quality will suffer, which will result in a greater difficulty in competing on contracts and attracting talent.

Other Employee Reviews for Lockheed Martin

  1. Helpful (2)

    "Bad to work for"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    State of the art technology if you are in the right division

    Cons

    Like many American companies, management comes first. They get the huge bonuses while the little guy gets laid off.
    The management is also easily mislead by those who have the big mouths. Yes, the mouth can be mightier than the fist. Some managers use verbal intimidations to get their way and, although ethics training says they shouldn't, they get away with it if it does the job.
    Although I believe in equality, promoting and awarding African Americans and women just because they are African-American or women is just wrong. There are many African-American and women who deserve it, but there are many who don't. So I see some who don't know what they are doing who are being praised by the company, meanwhile the project suffers.

    Advice to Management

    I heard that large Japanese companies have a 200 year plan and do not work on short term profit like many American companies. Each division at Lockheed squabbles among themselves to win contracts away from one another while they should be combining their technologies together to form the ultimate product.
    The executive pay is also too high. Aren't the employees effectively government workers and should thereby be paid on par? Why should the CEO and the executives make more than the president of the US?


  2. Helpful (1)

    "Provided good career and work experiences"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Lockheed Martin (More than 10 years)

    Pros

    The products and technologies are challenging and exciting to develop. Company has good benefits and allows flexible work hours and schedules.

    Cons

    No loyalty to hard-working, good long time employees. Their business model is forcing them to eliminate strong, experienced employees at the higher levels in preference for younger, lower level employees. This will eventually hurt them

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

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