Pros
I don't know what to say here...they present the right ideas to you. I've seen employee reward programs that seemed pretty cool like parties, bonuses, themed events. I think there are some good apples and some very bad. Just hope for the best and you could get lucky.
Cons
Started out as a friendly enviroment. They talked about "just as long as you get your job done" and how "we don't micro manage". In six weeks of working at Discover they fired two employees in my group, stating they weren't working enough hours (which I know was completely untrue with once of the two). They figured they weren't working enough hours based on access card activity, something they said they don't use to track employees. Basically, everything they said they didn't do, ultimately they were doing. This was a job that allowed for working at home and also you were asked to work at odd times if needed (late night, weekends, etc). In two months the job was still going good, but then they retired my boss. Once this happened, everything completely fell apart. Everyone was looking over their shoulders and was the worse environment to work in. Needless to say, I lasted just under six months before saying enough is enough. Horrible work experience.