To those with contracts, the university gives a consolidated salary which is without any benefits, health insurance or PF. But yes, there is less interference in the way one utilizes one's free time.
Fixed salary, no increment, no promotion, no sound appraisal scheme
It is a truly global University with great infrastructure and exposure.
Best thing - whether you work or not you get a minimum hike as increment every year after appraisal. Worst Thing - Hard working and smart working people are also treated on at par with the non working employees. same percentage of increment for all.
List based on reports from current and former employees. It may not be complete.