Most managers are familiar with, and usually not a fan of “Performance Improvement Plans” that are utilized to hopefully correct a failure of performance in some way of one of their employees. A recent article in the Wall Street Journal (subscription may be required) offers a good overview of this tool and “Why the Most Hated Way of Firing Someone Is More Popular Than Ever.
Vistage Speaker and Employment Law Expert Hunter Lott acknowledges that PIPs are a good tool, but not always properly used. He notes “Termination is something we should be good at, not comfortable with” and offers a few “tips on PIPs.”
If you could use a few, take five minutes for his thoughts on Performance Improvement Plans.
