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Actually, in my experience with a PIP, it doesn't threaten you'll be fired today. It's emotional blackmail. I was told, in black and white, that I sucked and I was holding everyone back. For anyone with any self-doubt or need for social approval, a statement like that will feel like a ton of bricks. But then they offer a path to redemption: sign a document, then complete these tasks, and all will be well again. Since I have a programmer's ego I feel I can code my way out of any situation. So I signed. And I did so knowing full well that I was doing something against my interests. But oddly, at the time, that didn't matter as much to me as redeeming myself in other people's eyes. If this ever happens to you, the thing to recognize is that at that moment, the company is no longer your friend (if it ever was) and from now on, every dealing with you is probably going to be backhanded. Loyalty and pride in accomplishment are suddenly bad traits for you to indulge in. The best option may be to sign and slack off while you job-hunt. Or, if you are quick to realize that there is no way out, to offer to go away, in exchange for a decent amount of severance. Either way, I was foolish to sign without getting a lawyer to examine the document first. |
If the company is large enough, they'll almost always be willing to pay you something (4-6 weeks salary is fairly standard) to go away quietly. Your best bet is to negotiate some kind of exit package while simultaneously looking for new employment. If you're good at it you can dovetail them so that your employment record is seamless. Your employer may even be willing to give you time off to interview. (Remember, they want you to leave.)
The chances of making a comeback after being put on a PIP are slim. It's a HR formality that's essentially a prelude to termination, to protect the company from potential litigation. I don't have hard numbers, but I'd estimate that 75%+ of employees placed on a PIP will either leave or be terminated within 3 months.
Lastly, a PIP doesn't mean you're a bad person. In fact, it may not even be a reflection of your performance. Sometimes personality and budget issues play a large role. American companies don't have many options when cutting staff, and they often default to this one when they don't want "layoff" headlines. I'm not defending it (it's a sucky practice), but see it for what it is, try not to take it personally, and get the hell out before things get really bad.