Failing to plan is planning to fail. But that's not the case with PIPs. Which, more often than not, is planned to fail anyway. In this episode of Cost to Company, I speak to Sharthok Chakraborty (Co-founder, Klaar; Ex-Cipla) Nimesh Mathur (Investor, Advisor, HR Leader; Ex-Haptik), and Sumit Singla (HR Consultant, ex-Accenture) on one of the most contentious tools of the workplace, the Performance Improvement Plan. And why embarking on one is almost always a fool's errand. For both the employer and the employee.  This episode was written, hosted, and produced by Shreevar Chhotaria and engineered by Rajiv CN.Cost to Company is produced from the newsroom of The Ken, India’s first subscribers-only business news platform.Subscribe for more exclusive, deeply-reported, analytical business stories.