Pros
The health benefits are currently more generous than the ones given by competitors. However, as each year passes, these benefits are quickly becoming less generous and more on par with every other company. A new hired employee will receive about a month of vacation. The downside to this is that there are no other days off from work except for the national holidays. If an employee wants to take the week between Christmas and New Year's Day off, that employee will have to use vacation time to do so. There is also a stupid rule where employees are not given any sick days off from work. If an employee is sick, he/she will have to use a vacation day. This just forces every employee who is sick to come in the office and get other employees sick as well.
Cons
There are currently no promotional or career advancement opportunities. Any task an employee is given to complete is actually given to at least one other employee to complete as well (this is GMAC's way to verify the task is completed without any errors). It is a complete waste of time to know that the work you are completing is redundant. Senior Management is completely incompetent. A large majority of them are completely useless (the only reason they are still there is because they have been with the company for so long and they don't want to retire yet and the company doesn't want to push them out). So the result is useless jobs/positions are kept for the purpose of giving these "managers" something to keep them busy. GMAC's position on the treatment of customers during the current difficult economic environment is that they have been conducting business as usual. However, this is not the case. It has been verbally communicated to employees to terminate a number of dealships' floorplan. This will be completed by requiring the dealership to meet contingencies that GMAC knows they cannot meet. Employees are also encouraged to "find" any other excuse to terminate the relationship. The end result is to hope the dealership cannot find any other financing source and the dealer will be forced to shut down. This is a top priority to be completed in order to help GM achieve their goals for viability or to make as much progress as possible.