Pros

As an engineer you have flexible time, as long as you deliver good quality and in time. Your proffesional development depends only on how motivated you are, once this is visible you get full support from managers.

Cons

Although inevitable in any company, too often you see too much politics... Another unpleasent downside, especially for star performers, you don't have bonuses based on project performance, but only an annual bonus based more on the overall company results; in some cases this type of reward is not motivating at all, and descourage performance oriented mindset.

Advice to Senior Management

Implement programms to encourage high performance.