Pros
When I began working at Gen-Probe many years ago, benefits were surprisingly good, especially fully paid heath care (after working for the University of California which charged over $1000/month on a poor salary). Most any health care provider was covered, and copays were reasonable. However, . . . {see Cons}.
Cons
Every year benefits became more of burdens. I know health care costs have risen, but our compensation did not keep up with inflation and the ever increasing transfer of health care costs to employees. When I last looked in 2012, I was making $10,000 less than in 2002 (in 2002 dollars). Hmmm, that cannot be right, especially with executive management getting their automatic 10+% raises, disproportionate bonuses and free stock options just to make sure they always had some stock.