Pros

1. Decent work life balance
2. Fortune 500 name recognition
3. Pay can be good.

Cons

1. Benefits. Horrible health care benefits. One of the hidden disasters in working for this company is the health care plan is bare bones at best. And it's getting worse for 2010 as they've cut even more out. Pensions are being nixed, they're outsourcing all employer benefits support functions to India. So now if your pay is screwed up congrats you get to call India.
2. Disdain for employees. I am waiting to see where the evil genius in this company is who is actively trying to eliminate any reason for a talented employee to stay. Just to see if there are any smart people in senior positions left in this company. They keep taking away and taking away, and then any dissent gets pretty heavily crushed.
3. HR is inept. Pretty much no way to sugar coat this.
4. Incompetence at director levels and above. All the good talent has left. You see the remaining folks and shake your head.

Advice to Senior Management

1. Admit we make a commodity product that ebbs and flows with the building industry.
2. Fire everyone in human resources and start over. Truly and seriously. I have no quarrel with them, but damn these people are terrible and getting worse.
3. Stop hitching your wagon to whatever consultant promises you drastic results for only a couple zillion dollars. I'm talking lean/six sigma which has delivered nothing but powerpoint slides.