Pros
Compensation and you want to work where you can hunt and fish.
Cons
Unfair evaluation system - Started out putting people in a bell shaped curve for performance. That was OK. Then got rid of the bottom - OK and redistributed the "keepers" who are a truncated distribution of performance levels into a forced bell shaped curve. That meant if you looked crosseyed at someone you were lowered in the next review because what else did they have to go on - "somebody has to be a three". Managers cannot manage people. Middle managers were promoted based on their ability to do the work rather than manage the work. As a result managers are very bad at evaluating people fairly and distributing the work to those who have the ability to do it. Bias for lauches not development