I understand that if a RE or NRE is a victim of PIP the process is a bit different. If this is true, what’s the difference between “normal” PIP and how RE/NRE are treated ?
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Firing anyone opens them up to lawsuits. NRE is not a protected age of employee. If there is a background of performance issues, you bet they will use it to terminate you.
You are correct in regard to RE. Firing an NRE would open them up to a lawsuit
This is bad information also. If you have been put on multiple pips they CAN fire you. If you are PIP last year, they will fire you on the spot.
I expect to see alot of Retirement eligible CL30+ Retire early each year for the next 3 years. The lack of bonus cuts retirement lump sum, combined with rising interest rates cutting lump sum. PLUS management can TAKE AWAY past RSU if they are pip'd. Management can incentivize the early retirement by allowing past RSU grants to vest. Bottom 20% retirement eligible CL30+ will be forced out. This means other executives in 20to40 group will drop down to bottom and loss pay and RSU and bonus, then be pip'd in 2022 or 2023.
Bad info on here. If you are NRE you can be put on a PIP like plan to improve but won’t be fired.
OP: You outta have a PIPRE imposed on you.
REs can be put in NSI and take the PIP like everybody else, but they will never pass the PIP by design – the oversized MLRP is designed specifically to target them, because they can’t be laid off, just like the NREs. The only difference is that if REs take the PIL or fail the PIP they can retire.
NREs can be put in NSI and there’s a program similar to the PIP for them, but it can not result in termination. Of course, that will happen as soon as they get to 55 and become REs.
I thought RE or NRE were pretty much un–fireable