A Performance Improvement Plan (PIP) is a formal document used by employers to address and improve an employee's work performance. It outlines specific areas where the employee is underperforming, sets clear expectations, and provides a timeline for improvement. The goal is to help the employee succeed in their role by offering guidance and support. Typically, a PIP includes measurable objectives, resources for development, and regular check-ins to assess progress. If the employee meets the outlined goals, they can continue their employment; if not, further actions may be taken, which could include reassignment or termination.