[LogicHoleFlaw]

In theory unemployment pay is similar to this system, but in practice... maybe not so much. Personally I don't know anyone who's ever received severance pay either.

In general I think "at will" employment is a net win, but it's certainly not a friendly system.

[gaius]

It is tho' a system in which everyone knows at all times where they stand. There's no need for backhanded techniques like "performance plans" that are only really about stripping the employee of what legal protection they do have.