Lockheed Martin offers good work-life balance
Project Manager (Current Employee) – Wallops Island, VA – June 8, 2016
Lockheed Martin tends to pay wages and salaries below market, but compensates with a quality work-experience. Generally, management assumes 99% of employees will do the right thing if given the opportunity. Consequently, management is weak to encourage creative problem-solving and foster initiative. This has obvious benefits for the work-force's well-being and the quality of products and services delivered to customers. However, there are drawbacks to this approach to management as well. In terms of benefits, before the 2008 financial meltdown Lockheed Martin's benefits were acceptable. After 2008 executive management rapidly degraded benefits, along with the size of annual merit raises. Some benefits have been removed entirely.