Pros

The company offers very good benefits and work/life balance, although benefits have been regularly trimmed down.
The company has multiple locations in the DC area so you can work in a location that's convenient to you most of the time.

Cons

No apparent difference between compensation for top performers and average ones. The company basically provides very good benefits across the board (see above) but has a harder time to reward individual performance.
Used to have very compelling benefits (like full education assistance) that got canceled.

Advice to Senior Management

Rethink performance management