Yes, with layoff you get severance, but with a PIP you get a year of pay and you might even get to stay after it. Most people prefer to be laid off between the two but I think PIP gives us better options.
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A buddy got PIL'd two years in a row, so he elected PIP and half assed it for about 6 months against a poorly constructed plan, while he figured out his next step. Took several stress leaves and rarely made it into the office, dr-g this out for 1.5 years after his second PIP started. Finally found his off ramp, moved to his new location (bought a business) and then informed the Company he was resigning. Now netting about double his old salary as his own boss (had a few months where he was netting his annual salary every three months, due to some local service shortage issues). Take your time, find the right spot and move on when its time.
My guess what OP meant for the year of salary comes from working income after passing PIP till the next PA
If fired you get a year on unemployment. I am enjoying mine right now. Give them he-l and make them fire you.
@b6 Another schitt-house lawyer.
@Everyone else: only take legal advice from a licensed attorney.
Before you leave get this Information -
The "YEE" Spreadsheet: Any document, email, or Slack message where the formula YEE = Years\ of\ Service - 18 is mentioned. This is your "Smoking G-n." In Texas, while "at-will" is the rule, using a mathematical proxy for age is evidence of discriminatory intent.
Comparator Data: You need the names and ages of others put on PIPs vs. those who were not. If the "YEE" score correlates with the PIP list, we have statistical evidence of pretext.
You will also need your historical performance.
Often a well timed demand letter mirrored by recent disputes by CEO on the news could get you a nice settlement.
Good luck !
@OP There is no law in the U.S. requiring an employer to give you severance when they lay you off.
IMO, this Constructive Dismissal approach that companies are using in place of layoffs isn’t any cheaper than paying out severance to who they want gone.
Let’s be honest. At Exxon we have both PIP and layoffs now days.
Most people don’t like the dishonesty of telling someone that their performance is bad when in reality it is a layoff
A year of pay?! Not in the USA. What country gives that? In US it is 3 months pay if you take the PIL which is pay in lieu. If you try to pass the PIP and fail after the three months PIP period you get nothing. You are misinformed.
How do you get a year of pay if you are PIP'd? Explain