They claim that you can have a flexible work schedule but track employees' time in the office and send your manager after you if you spend below 80% time in the office. Claim that all employees are eligible to telecommute but will push back hard when this is requested.
Raises are paltry. Expect a cost of living raise and nothing more unless you get a promotion, in which case you'll get about a 10% raise.
Promotions are based on checking boxes on a list and only considered once per year. No flexibility in this checklist, even if your job role doesn't involve some of the requirements for promotions. It's all a very slow process and isn't based at all on merit, it seems; once you get promoted to one level there seems to be a time requirement before you get another promotion, regardless of performance.
No one seems to mind when employees are oversold- if you have too many hours and are overwhelmed, too bad. Conversely, if you need work, no one seems to be terribly concerned with helping you find it.
Upper management is not at all forthcoming about overhead hours spent. They want employees to spend 10% of their time on "professional development" (never defined) and charge that to overhead, yet demand that if one needs to spend more than thirty minutes of time on overhead they report it to their manager.
There is very little to no collaboration across divisions, though every year upper management promises that it will help the company do better. This has never happened.
