Pros
Few pros since 2008. Salary above average. Short term incentive pay out good about every third year. Healthcare insurance premiums continue to rise and introduction of consumer driven health care plan not much better than PPO plan. New hires have no pension or early retirement healthcare coverage.
Cons
Poor leadership. Company tries to improve culture but unwilling to address root cause of cultural problems which stem from subpar leadership. Company is no longer interested in manufacturing components but instead want to be an assembly and technology company. Company has no allegiance to long term employees. Company laid off hundreds of twenty plus year employees in December of 2016 only to hire some of them back in early 2017, albeit without the same retirement benefits. Once your position is targeted for elimination, management does very little to help you retain your career by assisting you with employment in other departments throughout the Caterpillar organization. Caterpillar leaders continue to ignore the lack of engagement throughout the company but tries to appease the Millennials by offering more vacation earlier in their career. Nothing is done to appease veteran employees.