Pros
Opportunities to improve the systems. Management will listen to your ideas and recommendations. They will motivate you to work hard to help them achieve those results. They will take away all your recognition though and make themselves look better in front of their bosses. In short you won't get the credit for your ideas, recommendations and everything you did to make them work.
Cons
- Hard work doesn't pay off. Some people get promoted out of the promotion cycle without any announcements and some don't even when they have met all the promotion criteria. - Bosses take away all the credit of your hard work, ideas and recommendation to get themselves get promoted. - You can only take time off for 2 weeks at a stretch if you are in technology. This wasn't disclosed at all when I joined the company. - All the assurances given during the interview process are fake. For e.g. You will get promoted if you perform at so and so level and achieve so and so results. Soon you will see that even after you have done so well for the company, you won't get promoted.