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Lockheed Martin: Changing the Composition of the Workplace Presented by: Brooke Thomas.

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Presentation on theme: "Lockheed Martin: Changing the Composition of the Workplace Presented by: Brooke Thomas."— Presentation transcript:

1 Lockheed Martin: Changing the Composition of the Workplace Presented by: Brooke Thomas

2 Overview History Leadership Connecting the Changing Workforce LM People LM HealthWorks Alternative Work Schedules Take Away

3 History Lockheed Corporation & Martin Marietta Corporation merged in March 1995 Estimated revenue of $47 billion 74% from military sales Leading defense contractor

4 Leadership Full Spectrum Model Five qualities – Shape the future – Build effective relationships – Energize the team – Deliver results – Model personal excellence integrity and accountability Measured, promoted and evaluated based on 360 degree performance assessment

5 Connecting the Workforce Implement corporate wide programs Foster Leaders – College graduates – Veterans – Experienced Professionals – Retirement Eligible Professionals

6 College Graduates Top 20 percent of class Leadership Development Program On-the-job training Online learning Special job assignments Participation on special task forces Less concerned with salary, more concerned with work-life balance

7 Veterans Military Relations Managers – Offers careers aligned with positions and skills sets sampled from military – Training Assistance Programs Training courses Internal networking Research career interests Apply

8 Experienced Professionals Brown bag lunches Mentoring and coaching Internal and external educational opportunities Formal career building Institute for Leadership Excellence

9 Retirement Ready Employees 60 percent of workforce Knowledge management Retirement planning

10 LM People Integrated system Standardizes career planning & professional training – Leadership training – Performance Management – Mentoring – Educational Opportunities

11 LM HealthWorks Wellness & Prevention Health Plan Mission Take Action

12 Work Alternative Schedules Flex Schedule Telecommuting Longer weekends

13 Take Away Connect the workforce Spend the money Align goals of talent management principles – Integration – Segmentation – Agility

14 Questions?

15 References Polishing our ethical performance. (n.d.). Lockheed Martin online. Retrieved from http://www.lockheedmartin.com/us/who-we-are/ethics/culture-ethics.html Barney, L. (2011, December 19). Boomers push back retirement six years. Employee Benefits. Retrieved from http://ebn.benefitnews.com/news/baby-boomers-delayed-retirement-allstate-national-journal-2720777-1.html Irvine, D. (2010). How to reward a multigenerational and culturally diverse workforce. The Magazine of WorldatWork. 4 (10), 63-68. Greene-Shortridge, T., McEntire, L. (2011). Recruiting and selecting leaders for innovation: how to find the right leader. Advances in Developing Human Resources, 13 (3).266-278. Doi: 10.1177/1523422311424712. Mitchell, K. (2006, March 27). Productivity does not end with age; incremental steps are key to securing older workforces. Business Insurance, 40 (13). 10. Retrieved from http://go.galegroup.com/ps/i.do?id=GALE%7CA143835228&v=2.1&u=west41605&it=r&p=AONE&sw=w Purcell, P. (2003). Older workers: recent trends in employment and retirement. Journal of Deferred Compensation, 8 (3), 85-102. Sellstrom, D. (2010). Wellness programs require a thorough check-up. Employee Benefit Plan Review, 26-28. Stevens, R. (2007). Forging full spectrum leaders. Annapolis, Md. Retrieved from http://www.lockheedmartin.com/us/news/speeches/072307-stevens.html Stevens, R. (2010). Opening of the center for leadership, innovation and change. College Park, Md. Retrieved from http://www.lockheedmartin.com/us/news/speeches/10012010-stevens-clic-opening.html Towers Watson. (2011). The talent management and rewards imperative for 2012. Retrieved from http://www.worldatwork.org/waw/adimLink?id=56563


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