Pros
Some excellent and very experienced people. Quality and customer service ingrained in many but often defeated by inflexible management policies.
Cons
Creativity and flexibility impacted by poor HR policies. Too focussed on objective setting and measurement of everything. Performance management widely viewed as a method of getting rid of people rather than developing and giving them opportunities. Too many managers in technical areas with no technical experience who focus on cost cutting and savings without understanding the technical complexity of the work or the impact of the cuts. Managers won't push back against the negative performance management as they fear for their own jobs so it perpetuates. Metric driven performance management stifles risk taking and creativity. Too many managers who take a very short term view and don't have any people management skills, they simply look to their next move. Bullying via the Performance management system is now institutionalised but well hidden from the public view of the company.