Business Pitch Dictionary by pitch.dog
Performance, pay & rewards · Core

Performance improvement plan

Also called: PIP

ELI5

A formal plan specifying required improvement, support and consequences.

Used in conversation

“The people plan needs to explain how performance improvement plan affects roles and decisions.”

Pitch context

You will see “Performance improvement plan” in organisation plans, workforce reviews, change programmes and people reports when the discussion reaches performance, pay & rewards.

Why it matters: In performance, pay & rewards, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 2

Direct term-level sources and supporting source families.