PIP (Performance Improvement Plan)
Definition
A formal document outlining specific actions and goals for an underperforming employee to meet within a set timeframe, aimed at helping them improve their performance and remain in their role.
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Translation
The polite way of saying, “Shape up or ship out”—a structured to-do list that feels less like help and more like your last chance before they hand you a cardboard box for your desk knick-knacks.