Hi all, I'm an associate with 1 year experience in transaction advisory. Has anyone been offered a PIP (they want to downsize)? How was your experience?

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A pip is a performance improvement plan... if the firm wants to downsize and get rid of you then they should offer you a severance package not a pip

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Prob 2 weeks per year of service (this is in the US)

PIP = performance improvement plan. It is not offered, it is assigned.

Introspective moment: how is your performance? Do you feel like you're doing OK / getting good feedback or do you feel like you're fumbling a bit? Be real with yourself here. Determine whether a PIP is equitable and warranted.

If not, document your performance (thing you did, outcome for client, why it's high quality).

Overall it sounds like you need to sharpen that resume and get interviewing either way.

Good luck.

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Thanks for the response. My negative feedback ratio is 1 in 9. That's why the PIP looks like another way to downsize people.

If you were in my shoes, what would you do?

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Up

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