What is performance improvement plan in SAP LOD-SF-PM - Performance Management?

SAP Term: performance improvement plan

• Component: LOD-SF-PM

• Component Name: Performance Management

• Description: A plan designed to help an employee who is not doing well at his or her job to achieve the expected standard.

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• Key Concepts: 
  A Performance Improvement Plan (PIP) is a tool used in SAP Performance Management to help employees improve their performance. It is a structured process that outlines the areas of improvement, the goals to be achieved, and the timeline for achieving them. It also includes feedback from supervisors and other stakeholders. 
  
  How to use it: 
  The PIP process begins with an assessment of the employee’s current performance. This assessment should include feedback from supervisors and other stakeholders. Once the assessment is complete, the employee and supervisor should work together to develop a plan for improvement. This plan should include specific goals, timelines, and resources needed to achieve them. The plan should also include regular check-ins with the supervisor to ensure progress is being made. 
  
  Tips & Tricks: 
  When creating a PIP, it is important to be clear and specific about the goals and timelines. It is also important to ensure that the goals are achievable and that there are resources available to help the employee reach them. Finally, it is important to provide regular feedback and support throughout the process. 
  
  Related Information: 
  For more information on Performance Improvement Plans in SAP Performance Management, please refer to the SAP Help Portal or contact your local SAP representative.