For Lockheed Martin to maintain our position as a leader in the aerospace and defense industry, it is vital that we attract and retain highly skilled employees. To do so, we developed a recruitment strategy that encompasses our entire workforce, including the following segments: experienced professionals, hourly, college and critical skills. This multi-prong approach enables us to meet the current needs of our business while investing in the education and training of our future workforce. Our business succeeds when our employees thrive in an environment where they are empowered to innovate. Employees with diverse backgrounds and perspectives contribute to our high-performance environment and enhance our competitiveness as an employer of choice. Attracting and retaining these diverse minds is essential in our success as a next-generation technology company. Recruiting top talent, developing employees and promoting diversity and inclusion (D&I) best positions us as a company to meet customer needs and innovate for the future.
As an Aerospace and Defense company, Lockheed Martin focuses on hiring for STEM roles. To ensure we are successfully attracting, engaging and hiring individuals to meet our business objectives, we focus on both our current and future needs. Through partnerships with organizations such as Project Lead The Way, FIRST and Girls Inc, we engage with students to encourage a focus on careers in STEM. In addition, with the launch of our new Vocational Scholarship program in 2020 (which coincides with the STEM Scholarship program), we are positioning our investments in a diverse workforce based on skills and abilities that do not necessarily require a four-year degree.
Our Vocational and STEM Scholarship Programs create future talent pipelines of students pursuing certifications and degrees, and who will possess skills that our industry needs to deliver strong results. Our 2020 virtual hiring event for STEM scholars resulted in over a 300 percent increase in year-over-year job offers and over a 400 percent increase in year-over-year offer acceptances, in large part due to an improved overall engagement and communications strategy for both the scholarship recipients and the Business Area Talent Acquisition teams. All of our Business Areas participated in the event, and collectively Lockheed Martin hired 32 new employees. In 2020, Lockheed Martin received over 4,000 STEM applications and awarded 394 scholarships. In addition, we are already seeing success in our first vocational scholarship, with our first hires into Space’s Software Associate Degree Program (SWAP). These individuals will complete their associate degrees and be ready to join Lockheed Martin after graduation.
In 2020, Lockheed Martin maintained our talent recruitment efforts, even as COVID-19 significantly impacted the global economy. We are proud to report Lockheed Martin did not rescind any job offers due to the COVID-19 pandemic. We also maintained our commitment to our talent pipeline by moving 53 percent of our 2,600 summer interns to remote work. In 2020, we hosted over 500 virtual early career events, adding 25,000 students to our pipeline. At the start of the 2020 academic year, we launched Lockheed Martin Connects, a multi-campus virtual career fair; through this program, we hosted 22 events for students.
In 2020, we released an updated Employee Value Proposition to capture the mutually beneficial relationship between Lockheed Martin and our employees. Some of the benefits that accompany a well-defined Employee Value Proposition include improved engagement, greater brand ambassadorship, decreased turnover and increased talent attraction. Our new employee Value Proposition Statement is as follows.
Experience a Mission That Matters: At Lockheed Martin, we apply our passion for purposeful innovation to keep people safe and solve the world’s most complex challenges.
This statement is supported by five pillars:
- Mission-Focused InnovationFrom aerospace, to outer space, to cyber space, you can solve the world's most complex challenges for our customers.
- Foundational ValuesOur culture of performance excellence, ethics, teamwork and inclusion is embedded in everything we do.
- Diverse Career Opportunities with Meaningful WorkGrow your career and skills for life. Our technology-driven learning platforms and programs enable your development and agility.
- Your Health, Your Wealth, Your LifeOur flexible schedules, competitive pay and comprehensive benefits enable you to live a healthy, fulfilling life at and outside of work.
- Empowered to be Your BestUse your strengths to make a difference in the lives of one another, our customers, our communities and our planet.
2020 Hiring Statistics
- Total external hires: 11,406
- Percent of U.S. external hires that were veterans: 23.4%
- College early career hires for academic year 2019–2020: 3,228
- Students hired into internships during Academic Year 2019–2020: 2,701