So, what's the deal with retirement eligible people in the "Need significant improvement" bucket? Are they PIPd like anyone else, or is there some sort of protection? My gut is telling me I'll be affected next feedback cycle...
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If you are retirement eligible and are PIPd, refuse it and submit your intent to retire. You won’t have to sign the waiver that says you give up your right to sue. They do have to pay your PIL and then what? Put the misery behind you.
If you are retirement eligible and they rank you NSI, you are NOT protected. You will given 3 choices: 1. Take the PIP, 2. Take the PIL, leave immediately, retire and sign away your rights or 3. Retire by a certain date (was by 11/1/2020) for those after 2020 ranking.....
You must be new. Doubt you will have that outlook in a couple of years.
Seems almost everyone is in a low performance bucket when they are anywhere near 55 unless it’s an executive isn’t that how the ranking system is designed? No matter how good you are it’s designed to drop you with age.
The comment about some being forced to retire at 55 refers to the likely fate of near retirement eligible employees who are in the lower relative performance buckets. Their employment is safe only until they become retirement eligible.
The lower relative performance buckets are now empty in many groups due to the NSI separations and layoffs, so a whole new class of NSIs and NIs will be “welcomed” in 2021. So, many “Goods” in 2020 will be told their performance is not competitive and they s— in 2021. Some of them will then vent on this site about how they were treated and others will callously mock them as “dead weight” and misfits.
Of course, a new class will be welcomed to the bottom the following year and the mockers will fill the empty buckets and become the venters.
forced to retire at 55
I have never really seen this done by EM. I am in team where experience is key, where a mistake can cost millions. There are plenty of people on our team who are in their 60s. I guess if you are poor performer or ‘don’t fit’ then you likely to be let go no matter what your age.
The outcome would be the same as far as you no longer being an employee If the PIP doesn’t pass, but you would get your normal retiree status and benefits.
No protection for retirement eligible NSIs in the PIP process. Lot’s of “Goods” in 2020 will be NSI in 2021 to fill the void in the bottom relative performance buckets created by the recent terminations and layoffs.
Only near retirement employees are protected. However, that’s only partial consolation to them since they know they will likely be forced to retire at 55 (or when they become retirement eligible) via PIP, leaving them with much smaller retirement funds.
Good luck.