Pros
P&G is great because of its diverse & welcoming culture. It is an equal opportunity employer. I have always had continuous support available from colleagues and management to help me do my job better. Although I am a temporary employee, I am still able to take (unpaid) days off whenever I need them. This allows flexibility with work and personal life. Procter & Gamble is highly recognized as one of the world's best employers. There is job security in knowing that the company earns billions of dollars annually, and is continually growing. There is no sign of P&G going out of business any time soon!
Cons
Very corporate and structured - little "leg" room and flexibility with standard operating procedures. As a temporary employee, I feel shunned by the "full-time" P&G community. I don't receive the same e-mails, I don't get invited to offsite meetings, and I don't even get the same badge! Although there are opportunities to move up the corporate ladder, it can take many many years to do so. Some positions require the employee to "lock in" for a certain number of years before leaving it. The reason for this is extremely high turnover in those positions. Although I have not yet taken the PST to be a full time employee, I have heard it is extremely difficult and only a very small portion of those that take it actually pass.