Would you really prefer getting PIP’d to quitting on your own?
People keep posting how they wish they would get PIP’d so they can collect severance. I have never been laid off and I imagine it would sting, even if you had wanted to leave anyway. I would rather quit on my own than dragging it out hoping to collect a few extra bucks. What’s your take?
I think it depends entirely on the situation. Unless you’re in a job that’s a bad fit a PIP can be a useful way to refocus your efforts. Otherwise the little extra cash you claim in severance can be exactly the buffer you need to get yourself into that next job. I’ve had the unfortunate scenario of being let go twice in the past 3 years (in a good job now, doing much better) and I’ll say for most junior and early stage job seekers, the financial hit of a lay-off is the most challenging, even more than restitching back your career, working through the interviewing process, etc. In most major cities with high cost of living you can essentially buy yourself about a month of time without work before the completion of severance pay or welfare check fails to allow you to make ends meet. An average job cycle is typically about 3-6 months so with everything considered either a PIP or quitting with a new job at hand could be options.
A month? Maybe if you spend every cent of your paycheck. My last severance was 6 weeks pay, which worked out to about 2 months expenses. With unemployment, that stretched to almost 3 months. The big sting was actually having to pay for health insurance. Fuck COBRA, man.
Haha yea my situation certainly a but different than most but yes cobra is trash. I was on ACA the first time it's cheaper I believe.
Neither, but if these are the only options, there are big differences between the two. At least at IBM, a PIP doesn't get you fired automatically. It's a hault period for you to either improve or if you don't, only then you'd get booted. Quitting on your own has the assumption that you found something better. Getting a PIP doesn't, it may come as a surprise if you are lacking motivation from shitty pay, overwork, etc. a PIP will only make things worse. If you're quitting without another offer just to avoid a PIP, I think that's a bad move. Even with a PIP you're still employed. However, forget about career growth within post-PIP you're as good as dead man walking 🧟♂️
If I'm leaving anyway and haven't got another job lined up yet, absolutely.
It depends, if your manager wants you out, what do you do? The severance becomes very attractive. It's a significant chunk of money
My greatest wish at this moment is a severance package. They won’t give me one. I do my job too well.
Amazon is giving out money for quitting and starting up your own shit. Do it. Quit, collect, and build. https://www.inc.com/scott-mautz/amazon-just-announced-it-will-pay-employees-10000-3-months-salary-to-quit-do-this-instead.html
Does PIP count as being laid off or being fired?
Fired