Is anyone who passed the PIP last year still with the company? Was the assessment results better this year? Wondering if it is even worth trying. The future seems bleak.
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I heard of maybe two people that passed PIP only to be laid off in the next round. If you pass you are already on the bottom. The company lies about the numbers passing pip to hide what they did. A few will pass only to be included in the next round.
You wilk not lose lump sum dollars because interest rate is so good now.
Also, google IRS rule of 55. You will have penalty free access to your savings.
I got NSI’d this year and am very frustrated. Supposedly had a great year - my supervisor thought it was deserving of a VG. Not sure I want to be part of this system anymore. Maybe I’ll just retire. I’m only 55 and will lose lump sum pension $ but avoiding 5 more years of EM BS is starting to look real attractive.
I'm NSI this year and definitely taking the PiL option - announcing decision and signing papers on the deadline date.
One guarantee - we are done living in texas. For my family's future, that is enough.
This is an individual decision.
A couple of things
How long do you think it will take to find a reasonable job
Are you living paycheck to paycheck
When you speak with your supervisor are they setting a reasonable PIP plan?
Do you have any advocates in management or senior highly ranked peers
Are you Technical or
My advice is go ahead with it since you can bail anytime and get the money
A few weeks in you will know if the supervised work is manageable. Insist on clear written goals etc. if it is subjective then I would be more concerned.
There are people who came through last year. Mostly these were acceptable ( to great) performers who were given good indication the PIP was achievable.
Some groups need to reduce head count others are already below next years numbers so the PIP is not a weed out.
Better to not be forced to take a bad job and have time to look. Generally easier to find a job when you have one.
Good Luck
If we had more managerial PIPs the company might advance.
PIP last year and very good this year