Lockheed Martin
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Lockheed Martin Compensation & Benefits
This page was generated by Built In using publicly available information and AI-based analysis of common questions about the company. It has not been reviewed or approved by the company.
How are the compensation & benefits at Lockheed Martin?
Strengths in retirement contributions, time‑off structures, and family support are accompanied by concerns about slow pay growth, compensation clarity, and healthcare cost‑sharing. Together, these dynamics suggest a competitive total‑rewards package whose perceived value hinges on how employees weigh long‑term benefits and schedule flexibility against cash progression and medical affordability.
Positive Themes About Lockheed Martin
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Retirement Support: Retirement programs combine a notable 401(k) match with additional company contributions tied to the pension transition, bolstering total compensation. This structure is repeatedly highlighted as a standout element of the package.
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Leave & Time Off Breadth: Compressed workweeks such as 9x80 or 4x10 with regular off‑Fridays are commonly available in many roles, enhancing work–life balance. PTO and holidays are part of a simplified, company‑wide program.
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Parental & Family Support: Paid parental leave for all parents, family‑care leave, and caregiver resources strengthen support for families. Additional short‑term disability for birth mothers and fertility benefits further extend coverage.
Considerations About Lockheed Martin
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Stagnant Pay & Limited Progression: Initial offers can be low and annual increases slow, dampening pay satisfaction over time. This dynamic can make longer‑term progression feel constrained.
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High Benefits Costs: Medical plan cost‑sharing and high‑deductible designs can raise out‑of‑pocket costs, especially for families. These costs can lessen the perceived value of the broader package.
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Unfair & Opaque Compensation: Compensation practices can feel conservative relative to hotter markets and inconsistent across roles and locations. This contributes to perceptions that pay levels and fairness are not always clear.
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