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Corporate Performance Improvement Plans Signal Increasing Job Insecurity

share-iconSunday, January 05 comment-icon2 weeks ago 4 views
News sources:
theguardianTHEGUARDIAN
Corporate Performance Improvement Plans Signal Increasing Job Insecurity

Credited from: THEGUARDIAN

  • During the holiday season, corporate employee productivity declines as many workers are on vacation, impacting business operations.
  • A significant rise in Performance Improvement Plans (PIPs) has been observed, increasing from 33.4 per 1,000 workers in 2020 to 43.6 in 2023.
  • PIPs serve as a roadmap for underperforming employees but are often viewed as a precursor to termination.
  • With rising pressures on companies to improve profits, underperforming employees face greater scrutiny and potential replacement.
  • The overall message is clear: no one is irreplaceable in the corporate environment, and employees must consistently demonstrate their value.

For further details, visit the original article here.

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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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