Are there any key considerations or watch-outs in this situation? Ideally, I would like to fail CP and receive a two-month grace period (PIP), followed by three months of severance. This would give me time to work on my own company while job searching and allow me to qualify for unemployment benefits. Are there any risks or strategies I should be aware of to navigate this effectively?
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I support your plan.
Signed,
- PIPi Longnapping
You not have to worry about CP when Discover employees rule Capital One!
These kids who keep posting how Discover employees are the best is going to get a rude awakening when trying to explain why they deserve a great review. We KNOW they will be the very first to go because they cannot even develop a thought or back it up. Just wait!
Yes, us discover rule the world, you will like our boots.
You could have a conversation with your leader to let them know that you don’t believe that you will successfully achieve the expectations of your CP and ask if there’s a path to expedite the PIP. This will save everyone the extra work.
Be careful with taking advice from low performers on this site. It doesn’t matter if you acknowledge (sign) the PIP or not. There’s clear language in the documentation that states that. There is no negotiating a severance. Being a low performer doesn’t give you a lot of leverage. Double check the severance for your level, the standard for most no leader levels is 8 wks. You can’t double dip a severance with unemployment. I believe you won’t be eligible for unemployment until the duration of the severance payout has passed. You’ll want to check with unemployment on that, but plan accordingly.
Good luck with your new business
Don't opt into the PIP demand to be fired and negotiate severance. You should also file for unemployment benefits. By signing the PIP you're not just acknowledging you received it but agree that you're a bad employee. Never sign a coaching plan or PIP, ever, if if think you are unfairly targeted. Even if you are a bad employee you don't sign it but negotiate a severance.
Recommend you opt into the PIP the first day it is delivered. You still get the 60 days PIP payment (salary) and the severance and remain eligible for unemployment without doing any additional work or needing to show up beyond a week or less for transition and offboarding activities. If you know already you won’t (or don’t want to) pass the PIP, why work 2 full months for same pay if you don’t have to.