Pros
Great benefits, work-life balance, culture, potentially lots of opportunities for advancement. P&G has a long history of its willingness to help employees grow and advance.
Cons
This is a company where the classic expression applies - "Too many chiefs and not enough Indians". It is easy to get the impression with this company that the bottom line results do not matter so much as the report to make the bottom line results look good. The company also does not blink at spending a dollar to save a dime as long as it will make a report look good. Also - the stacked ranking system is utterly ridiculous - it was very encouraging to see both Microsoft and Dell to ditch this employee performance review system. I mean, if you're doing a great job, you shouldn't get segregated to the bottom of the stack just because there are not enough higher "slots" available to fit you in.