Pros
Single vacation bank that includes sick time, personal time, vacation, etc. is easy to manage and explain.
Cons
Eliminated severance pay with most employees on government contracts that may be ended without notice or severance. After merging into the company from LM who had a reasonable policy that kept employees engaged and felt safe and cared for. Currently sitting at two weeks without a working laptop. Required to input time on Thursday to guess how you're going to work Fri-Sat-Sun but for weekend workers means extensive timecard corrections each week. Health benefits too expensive; now that individual mandate is gone I am seriously considering going uninsured next year due to their costs. Significantly worse after merger, so isn't just the market looking down. I get inundated with corporate PAC contribution emails on my company email. They beg me as an employee to pay my hard earned money out of pocket on their corporate lobbying effort.