Pros
Company offers some of the best pay and benefits in their industry. Bonuses are based on personal performance as well as the companies performance. Company offers opportunity to work overseas on foreign assignments Company offers longevity and stability as long as you are an "insider"
Cons
Performance ratings are run using Success Factors system and then "calibrated" by upper management which often arbitrarily reduces ratings based on overall company performance. Corporate HQ has grown exponentially during years of record profits, but growth has not produced increased profitability or functionality. Overhead burden = YES! Regional career path is still somewhat dependent on the old boys system and who you know rather than what you know or what you can do. Sad but true. HR policies are still based on the carrot and stick (big stick) MBF - management by fear. Corporate culture and "Living the Values" are highly touted and used in performance management, appraisals and promotions, but are rarely practised by some of the champions. Leadership is highly compensated in their industry but at a time when a "Nutless Monkey" (thanks Tom Cruise!) could have steered a ship successfully through record earnings, poor leadership and decisions led to disasters!