Pros
None at this time, unfortunately.
Cons
To quote from Merit Increase Talking Points - "Employees making at or above market should be fully competent in their role. If an employee is fully competent in their role, they should be performing at a higher level. Successful achievement states that the employee is doing their job and sometimes exceeding. One would expect that employees at or above market are fully competent and performing at a higher level." So, if you're doing your job and sometimes exceeding, you're seen as just barely adequate and undeserving of any increase. This company is doing everything it can to cut costs. Travel and training are other areas that have been cut back. Vacation carryover into the next year has been eliminated, so now it's 'use it or lose it'. I strongly believe this company is being marketed for sale, and it's trying to do everything it can to make the financials more attractive. This, unfortunately, is at the employees' expense. I foresee many experienced employees leaving in the next few months, which will make it harder on the ones who stay. Stay away from this company!