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Lockheed Martin: Changing the Composition of the Workplace

Lockheed Martin: Changing the Composition of the Workplace. Presented by: Brooke Thomas. Overview. History Leadership Connecting the Changing Workforce LM People LM HealthWorks Alternative Work Schedules Take Away. History.

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Lockheed Martin: Changing the Composition of the Workplace

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  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

  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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