In the fast-paced world of business, employee performance can make or break an organization’s success.
Yet many companies struggle with a troubling reality: traditional performance management approaches often fail to deliver results.
A staggering 65% of employees believe performance evaluations are irrelevant to their jobs, while 95% of managers dislike conducting reviews.
When performance issues arise, organizations need a structured, effective approach to address them-this is where Performance Improvement Plans (PIPs) come into play.
However, creating and implementing successful PIPs remains a challenge for many businesses, leading to wasted resources and missed opportunities for employee development.