Pros
Although its been a long process - in which (part of) management needed step-wise be convinced about the changes to be taken, the working model has changed from being strongly based on employee extended daytime office presence (micromanagement of daily task) to be based on real project targets and providing flexibility such as to allow for maximum work-life balance possibilities, while the project performances have increased.
Cons
The compensation and benefits are well balanced, but depending on the location the compensations are contained and do not grow as fast as on locations with greater turnover (world-wide management tunes the compensation policy), which means that, in order to grow compensation, it could be actually better to accept any job offer from other stakeholders, BUT similar worklife-balance and benefits will be the trade-off.