Pros
Pro's were many when I started 18 years ago, but most don't exist now. Currently they are profit sharing and... well... profit sharing.
Cons
Management has lost all interest in hard working staff who excel. When opportunities open for advancement it is the norm to hire outside staff with no working knowledge of the business. Management has become obsessed with the bottom line and lost interest and appreciation for employees in the process. I resigned after 17, nearly 18 years of service because of a manager from another country hired and backed by upper level mngmt who told me that no one in our department was any better or more valuable than the other. A communist point of view that had no place in a department where lazy, inept staff were raised to the same level as those who work hard and long and went further than the others to reach goals. As a result, the entire department began to collapse and is now being eliminated and replaced by an outside source. Dedication (I didn’t miss a day in over a decade), hard work, extra hours and longevity mean nothing to Taconic.