Pros
P&G offers a great compensation package and wonderful benefits. It's got a great team atmosphere and the internal training program is top-notch. Time off is fairly easy to get and management tends to be very understanding regarding family issues. If you're not looking to move up in the company, being an hourly employee is very satisfying. It's somewhere you can easily retire from and live comfortably.
Cons
It's quite difficult for non-management employees to move up in the company. Favortism is common-place and quite often people with the right skill set are passed over for 'one of the good ole boys (or women) to move forward. Decisions are often made without consulting the people involved and this results in animosity between management and employees.