I know that a PIP is a Performance Improvement Plan. What does PIL stand for? Asking for a friend.
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Pi-p in Pain
Pretty in Latex
A little twist on @llz:
During the 21-day decision period, tell your manager (not 1st line) that your lawyer wants to see your proposed personalized Performance Improvement Plan and review it with you before making this major decision.
It's all in fun, after all.
I'm calling it the 'Personal Investment Plan' - because I'm only 11 years in and I know there are better opportunities (already working those).
PiL - here's what you get:
21 days (not working or handing off, but 'talking with my lawyers'). Then sign release.
then 3 mo pay and benefits.
Plus almost a month of vacation payout, in my case.
Job hunts can take a while, but already have some good line-ups.
And I'll start on the day after Auntie EM cuts me loose.
Electrical engineer / Operations Research.
And I have heard the last herd of Retirees (2020) have a Class-Action advocate working their case(s). Not a Texan, but this is Federal anyhow.
It was in the PDS training everyone had to do.
It also comes along with a document that you have to sign saying you will not sue the company. That is really what they are paying for, not your time.
Pay in Lieu (PIL).
There are 4 options for being ranked NSI. PIP, retire, some other bucket for certain ages and then Pay in Lieu (PIL). Over the years PIL has varied. Last year it was 3 months pay. No idea for this year but assume it is 3 months like last year. Crazy because the voluntary program for eligible retirees was 4 months last year. Shell, BP, Chevron, etc. offered QUITE a bit more.
Personally, I thought it was horrible...pretty much told retirees you are worth 1 month's pay more than some ranked poorly. If you are a youngster in the company and you see how really smart, dedicated employees are rewarded, guarantee they are not going to care about the company. And, I've heard with my own ears and read with my own eyes the executives telling people if they don't like it they can leave. Which is incredibly insensitive and out of touch. You hire the best and yet you think they are too d-mb to realize they should leave when things go south. Really! Think about it you executives...smart people KNOW this so quit saying. It is insulting. It really should be - you hire the best and when they ALL say "hey this isn't right", you fix it or let's sort it out. Someone who recently quit said it reminded them of a se-ual harassment case... where the boss tells the employee, "sleep with me and if you don't like it, you can leave".
I wonder when the tone deaf message of saying "leave if you don't like it" will stop. Last couple of months, hordes of people have left and fairly sure they weren't the employees targeted for PIP (which is really a layoff program).
Pay in lieu…
Severance buyout.