Lockheed Martin - Lockheed Martin was a pretty good place to work for nearly 25 years | Glassdoor
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"Lockheed Martin was a pretty good place to work for nearly 25 years"

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

I worked at Lockheed Martin full-time (More than 10 years)

Pros

Lockheed had good medical, dental and insurance benefits. There was quite a variety of projects and technologies due to the large size of the company.

Cons

Like most defense companies, they have been cutting expenses and that means asking employees to pay a bigger share of insurance costs. Although there are a large number of locations and opportunities, it's not always easy to move between companies and projects.

Advice to Management

Provide more support to employees that are looking for a change or an opportunity to improve themselves.

Other Employee Reviews for Lockheed Martin

  1. Helpful (2)

    "Beware of Health Insurance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Engineering in Fort Worth, TX
    Former Employee - Engineering in Fort Worth, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Lockheed Martin full-time (More than 10 years)

    Pros

    Diversity of projects, opportunities to move around

    Cons

    Every since the company self-insured they have become micro managers of your health care. They have become the deciders that appear to be more interested in deny, delay, avoid providing anything more than annual checkups. Aetna is just a front company for the corporation and adds no value but does create a lot of obstacles. One no longer knows what will be paid and what will not. Recently, months were spent trying to get a basic service that cost less than $300.

    Advice to Management

    Revamp the healthcare so employees can focus on products, not fighting for insurance coverage for services.


  2. Helpful (1)

    "A corporation in transition"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Bethesda, MD
    Current Employee - Anonymous Employee in Bethesda, MD
    Neutral Outlook
    Approves of CEO

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

    Pros

    Lockheed Martin is strongly placed in the defense marketplace and has mostly weathered the budgetary changes well. The work is exciting and challenging. Opportunities to move within the corporation are there for those willing to do more legwork than a web search. Corporate negotiated discounts are available for employees on everything from cell phone service to vacations. Benefits are better than some, but worse than others. 401(k) match is nice to have.

    Cons

    Human resources is perhaps the primary reason for 9 out of 10 employees, that I have known, to leave the company. HR is given free reign over salaries and promotions and uses one measuring stick for a technical staff of around 50,000. It simply doesn't work. The processes and requirements are hidden and promotions are based on the feeling of HR rather than the experience provided to them by your direct supervisor.

    Salaries are low; as is typical for the industry. Benefits are solid but have increased substantially every year for the last 5 either through increased premiums or increased deductibles and decreased coverage.

    Advice to Management

    What would happen if you spent more money on your employees? Would they produce more for you and your shareholders? What happens if you pay them the minimum HR thinks they can get away with? Will they want to stretch for you? This generation of employees is mobile and willing to change jobs for experiences, challenges and responsibility. If you don't show them they are valued, how many can you afford to lose as the rest of the technical population continues to age?

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

See Most Recent

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