Pros
Flexible work arrangements provide flexibility for parents. Other than health care (expensive) the benefits package is pretty good. Has nice plusses like paid maternity/paternity leave and generous 401k matching. There is generally a lot of focus on associate development and training. Great place to be if you are still fairly early into your career as advancement opportunities seem to be concentrated at the lower levels (below director).
Cons
Competitive culture, and in some cases fragile egos. Depending on job level, performance bonuses may comprise a good portion of the employees total yearly compensation. Some (but certainly not all) departments measure individual performance in such a way as to create resistance to any change in the status quo. In these scenarios, employees become more obsessed with protecting their compensation rather than advancing the business. These types will do anything to avoid being associated with weaknesses in the business, which prevents weaknesses from being improved. Compensation follows preset distributions, so performance ratings and promotions may or may not be reflective of an individual’s actual contributions depending upon how many people the department has.