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> Some companies will dangle money at you as an alternative to going on the PIP. Can someone tell me a little about this? Is this a situation where a company p
by 49bc 8y ago
> Some companies will dangle money at you as an alternative to going on the PIP.
Can someone tell me a little about this? Is this a situation where a company pays you to quit without firing you?
- lstyls 8y agoIt's called a severance package. The company isn't giving you money to quit - you're working at-will and they can terminate your employment at any time for any reason. The amount is usually equivalent to a few months worth of paychecks. What they pay you for is you signing away your ability to sue for wrongful termination. Because they can't really fire you for any reason.
- humanrebar 8y agoIt's also because companies want the managers and co-workers to know the company did right by the terminated employee. Laying someone off isn't fun. Seeing your co-workers get laid off isn't fun either. Severance keeps the process more humane.