Georgia Tech – “While studying for PhD , you'd perform research as a contract to a company/institution”

Pros

It is a flexible job . You work and study at the same time so the deadlines are rather flexible.

Cons

There are no benefits, just a lame health insurance package!
Raises and compensations are given very rarely
Very low income compared to what you'll be getting as an engineer working for a company

Advice to Senior Management

Have annual reviews and goals and coordinate that into giving raises and compensations. Have weekly meetings to follow up on the research problems.