I got a coaching memo around the beginning of the month and dated to the end of this month, any idea what is going to happen? especially with the coaching memo folks? are we next to get laid off?
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I was on a written warning but worked my butt off and got off of it. Most stressful 6 months of my life. For anyone who gets one and you like your job just put in the work and everything will workout.
Glad it worked out for you, but extreme exception to what usually happens. By the time of a warning we have positioned you to quit or have bases covered. The best outcome is usually a settlement by that point.
Coaching memo is what used to be called performance improvement plan, aka PIP. People still call it a PIP but Schwab hasn’t had those in several years. Like the other comment says. Coaching memo is like a verbal warning. Next up in severity of corrective action is the written warning.
I was on a written warning but worked my butt off and got off of it. Most stressful 6 months of my life. For anyone who gets one and you like your job just put in the work and everything will workout.
I just gave 2 coaching memos at Schwab. Ignore the earlier comment - a written warning is precisely what the memo is. As opposed to simply a conversation with the employee, this is documented. It’s not formal, but is the first step in documenting performance issues so should be taken seriously.
A good manager should be using this as an opportunity to communicate with the employee that the issue is serious while also setting very clear expectations for how to improve.
I have seen lots of people self-assess, take the feedback, make changes, and go on to be top performers. They just needed direct feedback and/or a “wake up call.” If things don’t change, the next step is a performance improvement plan...there needs to be lots of documentation before a performance-based termination and most of the time people see the writing on the wall and leave on their own well in advance.
If it were me and I wanted to stay in the role, I’d
take some time to seriously think about the concerns, how I might be contributing to the problem, and make a plan for how to move forward. Ensure that your leadership sees you are taking the feedback and making changes.
If the manager is completely off and you genuinely don’t think they have your best interest in mind/there’s not a future for you on that team, then I’d consider looking at ways to potentially roll off to other projects, switch teams, etc.
A coaching memo is the old verbal warning. Be worried, that could easily escalate into a written warning. You don’t want a written warning.
Schwab is a pay for performance company. You should be concerned. Low performance and attendance puts a target right on you. This is the easiest way to rid themselves of problem employees.