What is a PIP Plan?
A Performance Improvement Plan (PIP) is a structured approach to help employees that are not meeting expectations reach the desired level of performance. The plan outlines the goals, objectives, and expectations of the employee and employer and provides a clear timeline for reaching the desired results. It also includes strategies, resources, and tracking methods to help the employee succeed.
What's included in this PIP Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the PIP Plan template for?
The PIP Plan template is designed for managers and HR professionals in various industries. It is an effective way to create a performance improvement plan for employees to help them develop the necessary skills to reach their goals and increase their productivity. This template provides a comprehensive and structured approach to help managers and HR professionals create a successful PIP plan.
1. Define clear examples of your focus areas
A focus area is a broad topic that you will be tackling in your performance improvement plan. Examples of focus areas include increasing employee productivity, increasing employee performance, and increasing customer satisfaction. Once you have identified your focus areas, think about the objectives that could fall under that focus area.
2. Think about the objectives that could fall under that focus area
An objective is a measurable goal that you are aiming to reach within a specific focus area. Objectives should be SMART (Specific, Measurable, Achievable, Relevant, and Time-bound). Some examples of objectives include reducing operational inefficiency, increasing employee engagement, and improving customer service.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (Key Performance Indicators) are measurable targets that are set to achieve a specific objective. KPIs should be realistic and achievable, and should be tracked and monitored regularly. An example of a KPI for the focus area of Increase Employee Productivity could be: Increase Automation Efficiency.
4. Implement related projects to achieve the KPIs
Projects (or actions) are related activities that must be taken in order to reach the KPIs and achieve the objectives. Examples of projects include implementing automation processes, implementing employee recognition programs, and implementing customer support systems.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is an effective tool to help managers and HR professionals create, track, and monitor performance improvement plans. This platform allows you to easily set objectives, track KPIs, and implement related projects. With Cascade, you can quickly see results from your strategy, and make adjustments as needed.