Definition
A formal document outlining performance deficiencies and required improvements, theoretically offering support but practically serving as termination paperwork. The corporate 'we need to talk' that never ends well.
Example Usage
Being put on a performance improvement plan supposedly gives me 90 days to improve, but everyone knows it's just documentation for my inevitable firing.
Origin
Emerged in the 1970s-80s as wrongful termination lawsuits increased and companies needed documentation
Fun Fact
Studies suggest less than 10% of employees on PIPs successfully improve and remain with the company—most either quit or are terminated, making PIPs effectively termination with extra steps.
Related Terms
Translate This Term
See “performance improvement plan” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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