Here we go with the acronyms again! Last issue, we talked about ERS and TRS. This time, let’s look at how PEP and PIP differ beyond their middle letters.
PEP stands for Performance Excellence Program. Over a two-month period each year, we ask employees to evaluate their own performance and measure their goal achievements. Their supervisor then uses that evaluation to conduct a face-to-face meeting in which successes and areas of improvement are discussed and new goals are established. This gives the employee important feedback for career growth, and gives the supervisor a map for maximizing his or her team’s success. This year’s PEP season runs June 24 through August 23, 2024.
PIP stands for Performance Improvement Plan. A PIP is a structured process designed to help employees address and rectify performance deficiencies through targeted feedback, support, and clear expectations. It outlines specific goals, timelines, and resources to guide the employee toward improved performance and alignment with organizational standards.
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