A performance plan, also known as a performance improvement plan (PIP), is a formal document that outlines specific goals for an employee and identifies performance issues that may be hindering their progress towards those goals. The primary purpose of a performance plan is to provide a structured approach to help struggling employees improve their performance, rather than resorting to direct reprimand or termination.
To create an effective performance plan, follow these steps:
A well-structured performance plan includes:
A performance plan, or performance improvement plan (PIP), is a proactive approach to help underperforming employees by setting specific goals, providing support, and outlining consequences for not meeting standards.
On the other hand, a performance review is a periodic evaluation of an employee's performance against set goals, identifying skill gaps, and documenting performance for evaluations such as salary reviews.
Successful implementation and monitoring of a performance plan involve:
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