Pros

- Financial stability (no debt, high cash flow)
- Very cost conscious and therefore very profitable
- Global footprint -> Chances everywhere
- International exposure guaranteed
- Innovative services
- High quality of services
- Extremely solid IT environment
- High awareness for importance of legal and ethical compliance

Cons

- Quality of HR not adequate for company with > 50,000 employees
- Low compensation, even compared to the peer group
- Quality of management very diverse, particularly in the middle management
- Inconsequent people management

Advice to Senior Management

Cutting costs is important, but must happen in the right place.
Efficiency of processes and tools must be reviewed on a regular basis using a global approach.
Reporting / statistics is partly inefficient due to insufficient resources in HQ.
Hire the right people and - even more important - let go the wrong ones.
Middle management must be better prepared by HR to lead people.