PIP'd HELP
Hi Everyone,
So I got PIP'd in June, for 90 days. I was told I was improving and so PIP extended for 30 more days. It is now January, and I have not heard back from HR or my boss (Team of 2...now 3, as a VP was hired above me). My company has a reputation for churning employees (they leave) because of the pay, but I took it because I was laid off for 4 months from my last job.
As an aside, PIP was partly me and being with a SEVERE micromanaging boss. During this time I took my PIP seriously, and was even diagnosed with ADHD and started on adderal. My performance was increased since I started taking my meds.
Anyone know what to do. I recently got an offer at JPM/Citi/Wells as a PM in residential real estate, for 20% more than I currently make and a VP title(a step up). Bonus unknown at the prospective new bank. The new bank is in Jersey City, but I've been told it is on the business side..which leaves me confused.
I would rather stay at my job, but I think I saw a confidential posting on LinkedIn for a more junior position which I am 99% sure is with my company.
Does anyone have any thoughts on this. I would like to stay in CRE, but I need a job to pay bills
I would certainly be looking for a new role if I were you, sounds like it's coming it's just a matter of when.
Yes...that is why I secured a new role.... Any thoughts on the opportunity or what to do.
I can't tell you what to do here - it sounds like you're not keen on it so you can either take it for 6 months to a year as a placeholder and start searching immediately, or risk waiting and trying to find another opportunity before you get the boot.
The latter is ideal if you can find another job fast enough (no need to explain why you're looking for a new role shortly after changing), but if you get the boot then you're in a tough spot.
What do you mean by the role is more on the "business side"? It's more relationship management/sales and less analytical? That's not necessarily a bad thing as long as you want to move back to a sourcing role after.
Never been PIP’d but have been close to one with one job due to bad working relationship with my boss. Leave for greener pastures my dude/dudette. It’s not worth the stress nor will you ever be able to fully repair your status with your company.
Take the new job man it's not even a question what are you doing
Agree. Sounds like you're not vibing with your current team.
I'm sure there are companies out there than use PIPs as genuine tools of improvement, but most of the time they're just starting the paperwork to replace you.
Go get yourself a company that appreciates you.
Congrats on Wells!
take it and don’t look back.
But I don't know anything about residential real estate portfolio managment.
Doesn't matter. Far easier to get a job when you have one, than the opposite. Everything you are saying indicates to me that it's immanent, so I would honestly strike first in this case. It doesn't sound like a good fit for you even if you can stick around, and I feel like the daily dread, worry, and anxiety that comes from being in that type of situation isn't worth it. Better for you to leave on your terms and keep things mutually respectful, than to wait for it to get awkward and them fire you. No harm if you leave because it just simply wasn't a good fit, but being fired will make it much much tougher.
What's holding you back from joining the new firm . . is it the higher pay? The promotion? The non-toxic culture? The fact that they're not about to fire you? I know all of these things are concerning, but which is the one that's really causing hesitation?
Honestly, I am concerned about losing 10-years of institutional knowledge. and maybe taking what is a back or middle office job.
That's honestly an interesting comment. I think of institutional knowledge as something that firms lose, not people.
Firstly of all, wow and I am sorry to hear you are having a tough time. it is a first time I see so many PIP posts on this site, so clearly something is going on in the world.
You have mentioned that you have been diagnosed with an ADHD. Was this before or after the PIP? Did you tell your employer? This gives you a good negotiation position for the case, where they indeed trying to get rid of you. Namely, you would be able to claim a "discrimination arising as a result of disability" in case they try play games.
Should they indeed bully you around, even by gradually eroding your role with the new hire you have mentioned - secure the next gig and send your current employer a without prejudice letter offering them a solution to their problem: you will leave quietly in return for a settlement payment. It is not hostage situation but you are offering everyone a best deal including yourself. There is a less nuclear option by asking HR for their grievance policy and further raising one, which might give you a bit more time to secure next role, do background checks and a good way to prepare for a litigation.
If you do not have next role secured and they try to unfairly dismiss you then it would be much harder. You will need to instruct a solicitor to obtain an injunction against your employers actions.
Once again, you are an employee and you need to look out for your best interest. They gave you hard time, so don't let them get away with it.
Sorry to hear about your situation but in my experience, if you are PIP’d, it’s a sign you should take the other job that you were offered. You may have doubts about the new position but I can tell you that there will always be doubts on taking a new job. It’s a “risk” in a sense as it may not turn out exactly how you imagine it but not a large one. I think being versatile in one’s career is important and no career is a linear path. Take the offer, do the best job you can and revaluate in a year time frame. It’ll work out.
If people have to convince you to take a new job that pays more when you’re on a PIP I really don’t know what to tell you. 95%+ of the time PIPs are just for companies to CYA before they fire you.
What is PIP'd? I assuming it's a formal process/time period to improve and can be fired if not based on what's above.
correct.
Thank you to everyone who has given replies.
Clearly I am not an idiot, and have been moving forward with the process with the other firm.
ONE LAST QUESTION, what should i do if i receive another offer from a firm while I am in my first week or two at citi. How does HR look at a resume which is slighly different, meaning that when i submitted it my "current job" was 2021- present. and when they background check it will be to 2023. Should I be admiting to the potential other hiring manager that I am looking. All they know if that I am interested in this other position, not that I have a time clock on my job here(potentially).
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