Pros
Waffle House promotes their upper management candidates from within the organization. If you are well admired by your upper management team, regardless of how well you perform, you will move up fast. People that work hard and run good numbers have to wait much longer for advancement opportunities if they are not admired by their management team. This should be the other way around. Waffle is suppose to be an equal opportunity employer, sadly to say, this is not true.
Cons
Waffle House has a great compensation package that also includes stock options. Store managers make 40-55k a year. Managers work six days consecutive, then they have two days off. They receive a week off about every six weeks. Managers are required to work all major holidays, which also includes Christmas and New Years. Waffle House never closes.