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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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Presentation Transcript
overview
Overview
  • History
  • Leadership
  • Connecting the Changing Workforce
  • LM People
  • LM HealthWorks
  • Alternative Work Schedules
  • Take Away
history
History
  • Lockheed Corporation & Martin Marietta Corporation merged in March 1995
  • Estimated revenue of $47 billion
  • 74% from military sales
  • Leading defense contractor
leadership
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
connecting the workforce
Connecting the Workforce
  • Implement corporate wide programs
  • Foster Leaders
    • College graduates
    • Veterans
    • Experienced Professionals
    • Retirement Eligible Professionals
college graduates
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
veterans
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
experienced professionals
Experienced Professionals
  • Brown bag lunches
  • Mentoring and coaching
  • Internal and external educational opportunities
  • Formal career building
  • Institute for Leadership Excellence
retirement ready employees
Retirement Ready Employees
  • 60 percent of workforce
  • Knowledge management
  • Retirement planning
lm people
LM People
  • Integrated system
  • Standardizes career planning & professional training
    • Leadership training
    • Performance Management
    • Mentoring
    • Educational Opportunities
work alternative schedules
Work Alternative Schedules
  • Flex Schedule
  • Telecommuting
  • Longer weekends
take away
Take Away
  • Connect the workforce
  • Spend the money
  • Align goals of talent management principles
    • Integration
    • Segmentation
    • Agility
references
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