Pros

- Good benefits. CTC structured such that you have good tax benefits.
- Salary (CTC): Above industry average
- Major portion of variable pay is paid out.
- CTC doesnt have any hidden components
- Good library facilities that can help in enhancing knowledge levels

Cons

- Very few smart people at all layers.
- Most of the management is excel sheet guys. They can be easily replaced with people from non-IT industries.
- Technical people are given less importance. Sales guys grow here.
- Not much of work-life balance
- Very adhoc environment. Project plans are just for name sake. Due to this lot of big projects fail.
- People are pushed / forced / treated rudely by some middle level managers.
- Performance appraisal process is just for name sake in most of the organization

Advice to Senior Management

Top management's vision is good. But they need to keep a watch on middle management to ensure that their vision is implemented properly. Getting deals is important, but delivering them is more important. The former CEO seems to have turned this organization into a sales company. Need to focus back on the organization's core skill, Technology delivery. A lot of Show Business guys are there. They are not only wasting their time coming to office, but are wasting the time of sincere and knowledgeable employees. They can be easily found out. Check out what they have done in the last 5 years. Many of them have just passed time for last few years (during boom time) in the name of INNOVATION / PRE-SALES. Just now they are running to get into projects with the fear of getting fired.

Please stop preaching Integrity and Ethics. Just enforce organization policies and provide a good professional environment.