Business Careers Handbook

Page 124

122

SURVIVING AND THRIVING

The Business Careers Handbook 2020

Understanding probation

When you start a new role you may be placed on probation. Don’t worry, this is pretty normal! The purpose of probation, which typically ranges from three to six months, is for both you and your employer to assess if you are suited to your new role. During this time, your employer will typically help you to develop performance goals (also known as key performance indicators or KPIs). This gives you both a clear view of what you are working towards – and something by which to measure your performance and suitability for continuing employment. It’s important to know and understand the terms of your probation. This means confirming: ■ The length of your probation ■ All goals and tasks you are responsible for during your probation ■ Whether there will be a formal performance review at the end of your probation ■ Who you can speak to if you have any questions or concerns about your probation ■ How the firm deals with employees who don’t meet their probation requirements (especially when prevented from doing so by extenuating circumstances such as accident or illness). Your employment can be lawfully terminated if you fail to achieve the required expectations (subject to the terms and conditions of employment). A strong support network can be invaluable in helping you deal with your employer’s expectations – especially if those expectations are not reasonable. According to the Australian Government Fair Work Ombudsman, employees who do not pass their probation are still entitled to receive notice when their employment ends. Furthermore, you are not to be denied any basic entitlements, such as paid leave and sick leave, during your probationary period. While being on probation can feel a little daunting, you should see this period as an opportunity to learn as much as you can about your role and the organisation. This is the time to ask lots of questions – after all, no one expects you to know www.gradaustralia.com.au

Seeing every opportunity as a learning opportunity and cultivating a growth mindset will help you develop resilience and compassion for yourself as you move ahead in your career.

all the answers just yet! It will take some time before you find your rhythm. Most learning curves are steep at the very beginning, so be patient and remember you are there to learn. Don’t be alarmed if you make a mistake (or two or more!). Mistakes happen and if seen in the right way, are a great learning experience. Think about what it was that didn’t work, and why and how you could do better next time. Seeing every opportunity as a learning opportunity and cultivating a growth mindset will help you develop resilience and compassion for yourself as you move ahead in your career. It’s also important to take the time to regularly reflect on whether this is the right path or place for you. Sometimes it can be confronting when you realise a chosen path isn’t necessarily what you thought it might be. In fact, it is often the case that a role may not exactly match your expectations – some aspects might be more exciting than you thought, others perhaps, more mundane or less interesting. The reality is there will always be some aspects of your job that you dislike more than others… and sometimes you just need to ‘stick it out’. It’s also important to know that your role will evolve over time – and that you can have a say in this! If you see aspects of your role that you particularly like, or would like to do more of, be sure to express this to your manager. At the same time, don’t be scared to admit the truth. If you continue to feel your specialisation or role isn’t quite right, that’s okay! It’s never too late to change a role, specialisation or organisation. You are never stuck. There are always options if you look hard enough.


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Articles inside

Maintaining mental health

2min
pages 130-132

Establishing strong professional relationships

5min
pages 126-127

Handling performance reviews

3min
page 125

Learning how to resign

1min
page 129

Managing your time

3min
page 128

Managing social media

3min
pages 121-123

What to expect at an assessment centre

2min
page 119

Understanding probation

3min
page 124

Getting an offer

2min
page 120

How to ace an interview

3min
page 118

Writing a CV and cover letter

7min
pages 114-115

Sample cover letter

4min
pages 116-117

Researching and choosing the right organisation

6min
pages 112-113

The ultimate career readiness checklist

6min
pages 110-111

Professional services

47min
pages 88-109

In-house and corporate

51min
pages 66-87

Government sector

30min
pages 54-65

Freelance and start-ups

6min
pages 52-53

Community sector

8min
pages 48-51

Academia

5min
pages 46-47

Restructuring and insolvency

3min
page 42

Tax advisory

3min
pages 44-45

Management consulting – operations, process and technology

3min
page 40

Insurance

3min
page 39

Risk management

3min
page 43

Management consulting – strategy

3min
page 41

Forensic accounting

3min
page 38

Economics

3min
page 37

Assurance and audit

3min
page 36

Financial planning

3min
page 34

Funds management

3min
page 30

Hedge funds

3min
page 31

Venture capital

3min
page 33

Operations and supply chain

3min
page 27

Private equity

3min
page 32

Sales and customer service

3min
page 28

Marketing

3min
page 26

Innovation and digital

3min
page 25

Human resources

3min
page 24

Communications and public relations

3min
page 23

Accounting

3min
page 22

M&A and capital markets

3min
page 17

Trading

3min
pages 19-20

Corporate and institutional banking

3min
page 16

Corporate and asset finance

3min
page 15

Business banking

3min
page 14

Introduction

1min
pages 4-5

Retail banking

3min
page 18
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