Business Careers Handbook

Page 128

126

SURVIVING AND THRIVING

The Business Careers Handbook 2020

Managing your time

Graduates often joke that when they are university students, they have all the time in the world and no money; by contrast, as graduates, they have more money but very little time. Starting a full-time job can be a real adjustment. Even just getting up at the same time every day (and often much earlier than when you were at university) can be a shock to the system. Plus, there’s the whole learning – and knowing – how to do your job thing. If you work in professional services, you are typically required to log your hours and meet billable targets. These targets represent the amount of time each week that you charge to clients and they can be especially daunting for graduates who are still learning the ropes. So, as a graduate, you may suddenly realise you have to log your hours, you have to bill your hours, maybe you have to work (really) long hours (depending on your specialisation), plus you have to get up earlier than you probably did at university. No wonder then, time management can seem so overwhelming. But it doesn’t have to be this way. The trick is knowing how to prioritise the most important work, and how to set boundaries so that you can do it. We know things don’t always go to plan, but as much as possible, we suggest creating a time management system to support your work. You can even apply it to your life admin too! So, with this in mind, here are some time management tips to help you stay afloat with minimal stress: ■ Keep an up-to-date to-do list. There are various productivity tools you can try, from the Pomodoro Technique to the Eisenhower Matrix, as well as various apps and websites (such as Trello and Todoist) dedicated to task management. Beyond to-do lists, there are also tools for managing your calendar and remaining productive throughout the day. ■ Prioritise urgent tasks. There are various ways to do this for maximum efficiency. One approach involves ranking each task by ‘importance’ and ‘urgency’ before focusing primarily on tasks that are both important and urgent. www.gradaustralia.com.au

...we suggest creating a time management system to support your work. ■ Eat the frog. Mark Twain once said, ‘If it’s your job to eat a frog, it’s best to do it first thing in the morning. And if it’s your job to eat two frogs, it’s best to eat the biggest one first.’ The frog is essentially the thing that causes you the most anxiety and stress, but also the one that you are most likely to procrastinate on. Eating the frog means to just do it and get it over and done with – which means the rest of your day will seem a breeze in comparison. ■ Keep a diary of critical dates, set up with reminders. Use various tools (such as Microsoft Outlook) to share appointments with other stakeholders, set up phone calls, distribute preparatory material and book meeting rooms. This will ensure you are consistently punctual and on top of your schedule. ■ Learn how to say ‘no’. Don’t take on further work if you know you won’t be able to complete it. Be upfront about what you can reasonably achieve. ■ Delegate tasks wherever possible and appropriate. Remember though, this means not delegating tasks for which you ought to be personally responsible. ■ Update your timesheet. Avoid postponing this until the end of the day or week – it can be difficult to enter time accurately when you must first reconstruct your week in retrospect. Get into the habit of updating your timesheet each time you complete a task. ■ Take regular breaks to stay energised and focused. Sometimes it’s easier to concentrate if you shift gears. If you feel like you’re hitting a wall, take time to clear your head and come back to your task refreshed! ■ Work on complex tasks when you are at your most productive. Consider if there are certain times of the day or days of the week where you are most effective, and plan your tasks accordingly. Always have a plan of attack. Break a large or complex project up into discrete, achievable subtasks before you start working.


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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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