Pros
the company spends a lot of money to keep employees distracted from the fact that the total cash compensation is below market (free lunch, L&D budgets, drinks and parties)
Cons
Senior leaders and executives rarely ask or focus on what they can do better. & for the handful of those that do there is no hope because the majority of senior leaders aren't willing to change or self-reflect. There seems to be a culture of fear at the top that trickles all the way down. Active listening is non-existent. Regardless of the optics of the culture the reality is most employees are looking out for themselves because that's what is taught. For those in sales, the comp plan changes constantly. Even if you do overachieve, they can and often do change your targets retroactively which no other company does. They don't want to reward growth; they'll find ways to penalize you.