https://imgur.com/a/OF6TbV4
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I am hearing PIP bucket will be increased to 20% this year. PIP will require power point presentations in front of line manager with daily reviews by supervisor. This will increase relative performance. PIL option will increase to 3 months pay and farewell lunch with team if you sign release papers admitting you are worthless
Retirement attrition could spike in March if 3rd quarter interest rates go up significantly.
2nd quarter rates increased slightly but affects Lump Sum only 1.5%. Not a big motivation to accelerate retirement plans.
A 3rd quarter increase might be much more significant, causing people to accelerate retirement by a couple of years rather than work for free or loosing more money per quarter than than getting paid.
Hoping a mass exodus of RE people will reduce that barbaric, disrespectful, and degrading PIPing of 8%.
Let the 2022 hunger games begin!
Annandale loose as many as possible , many leaving by the week, lots of parking spots.
Colleagues who don’t have direct technical or business value chain role or is in any management role (lowly to high) … this group requires PIP rate of 70% every year for the next 10 years. Then, after all that, we will start to smell some sense of cleanliness.
FYI, 8% PIP being applied 2022 again.
Resign right before the PDS process season starts to make their job harder finding someone to PIP.
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so the same as 2021. . . you are all being PIPed. . . and there is no one being hired.