Comcast

Worked for Comcast for 7 years as an employee and 1 year as a contractor.

Employee Pros:

• Compensation is fair.
• Benefits (free cable, stock options, and the ability to buy discounted Comcast stock) are very good. It's a great incentive to add value to the company, as well as stay at the company.

Contracting Pros:

• Don't have to deal with performance reviews.
• They usually keep extending contracts as long as you don't do anything stupid or make someone else look stupid.

Employee cons:

• Performance reviews provide little to no value to employees and managers.
• Posting for another position within the company is slow and difficult to accomplish. It's often easier and quicker to use an outside consultant when looking for positions within the company.
• Reorgs happen often (every 2-3 years).

Contracting cons:

• Most employee events exclude contractors (maybe I should put this down as a pro?).
• Reorgs could affect your employment.