Performance Improvement Plan (PIP)
A formal document outlining specific performance deficiencies, measurable goals for improvement, a timeline for achieving them, and the consequences of failing to meet expectations.
Examples
- Setting 30/60/90-day improvement milestones
- Defining specific metrics the employee must achieve
- Weekly check-ins between manager and employee
- Documenting support resources provided during the PIP
Related Terms
A formal assessment process where employees and managers evaluate job performance, discuss achievements, identify areas for improvement, and set goals for future development.
A measurable value that demonstrates how effectively an employee, team, or organization is achieving key business objectives. KPIs are used to evaluate success and guide strategic decisions.
A legal doctrine that allows employers to terminate employees for any reason (that is not illegal) at any time, and similarly allows employees to quit their job at any time without cause.
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