PIP (Performance Improvement Plan)

Intermediate 👥 Human Resources

Definition

A formal document outlining an employee's deficiencies and expectations for improvement—basically a 30-90 day grace period before termination.

Example Usage

Derek got put on a PIP last month for missing deadlines; spoiler alert: nobody successfully completes a PIP.

Origin

Corporate performance management, 1990s origin

Fun Fact

Only 5% of employees successfully complete a PIP and remain employed for more than a year.

Source: HR management practices, employment law

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