Lockheed Martin reviews

They are in a battle to contain costs with pay and benefits suffering. If you are going for a Corp job you may be OK but on a specific program they are fierce about containing cost. HR Compensation team will try to low ball you, never accept their first offer. Pay for performance looks more like a cost of living increase ~2% My division, IS&GS had aggressive growth and profit goals in 2009, they did not meet them so the first thing they do is cut employee morale events and the Christmas party. Thanks, our program was in the black but we still have jobs right? Well then they announce they eliminated vacation buy, a major perk for newer employees. Then they rollout a corporate healthcare plan with mandated maximum program funding, the result was my healthcare premium jumped 60% and thousands higher in deductable. I am happy to have a job, but when times are tough, LM has chosen to stick it to their employees. It seems that management has put the priority on profit margin at the expense of the people. Good thing LM was able to buyback at least 14M shares (worth a total of about $1B) and raise the dividend this year. I do not believe a company can sustain performance if they do not invest in their employees.

Similar to what others have stated, promotions are far and few between. LM is a very top heavy organization. Most Senior Management/Directors and VP's have been with the company for 10 - 15 years at least. They tend to stick with a core group of people to form their "inner circle". Most senior managers and VP's don't leave the company for a while so these positions don't come around often. When they do, it seems that those that are "in line" for the promotions get them because they are in the "inner circle" and not necessarily based on merit and potential. If you are willing to stay for at least 10 years and align yourself to a Director or VP, then you have a shot. It's about "WHO" you know, which is probably par for the course for a company of this size. Benefits are below standard at best.