Performance Improvement Plan
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A performance improvement plan is a formal document stating any recurring performance issues along with goals that an employee needs to achieve in order to regain good standing at the company usually with a specific timeline to complete the plan.
Performance improvement plan. A performance improvement plan is corrective action for addressing employee performance not employee behavior. A performance improvement plan pip for short is a standard tool to assist employees who are underperforming. A performance improvement plan is a document that lists where an employee is falling short and what he can do to improve. A pip shifts the responsibility for improving performance so that it is shared mutually among the manager the employee and the company.
Alternatively it could specify how the employee needs to change his behavior. It is implemented at the discretion of the manager when it becomes necessary to help a staff member improve their performance. For instance the performance action plan may detail skills or training the employee lacks. The purpose of a performance improvement plan is to help an employee address and correct any issues in his or her work.
The performance improvement plan aka pip was originally designed to help the struggling employee by providing the tools needed to succeed at work.