Pros
Focus on learning new technologies Flexibility for work hours which helps manage schedule Gives stability and does not believe in hire and fire concept
Cons
Lack of processes and they keep changing without making employees fully aware of them Fixed bid projects are often signed to get a new customer without fully understanding the business. This adds a lot of pressure to the delivery team when new scope is continuously unearthed and also leads to an aggravated/dissatisfied customer in the end. There is no performance improvement plan designed for employees. Employees with poor performance easily escape by putting project change requests and there is not much that HR does to solve the root problem but change the project as a short term solution. This is not good in long term for company as well as employee