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What performance issues did your managers cite? I think being transparent and showing some self-awareness to your managers can go a long way. If it’s a small team, the last thing they want to do is hire and train another analyst in this market. Could be a fixable situation, I’d stay positive. No point in being pessimistic.
Totally agree with the above poster about recognizing what flaws or shortcomings got you to this point, both for self awareness and recognition but also so you can actually fix them. We all have weaknesses, yet part of professional life is correcting them or at least papering over them so they don’t interfere with performance. Whether or not this solves your immediate problem with your PIP is immaterial - your career will last far longer than this role will/would have either way.
Beyond that, and I know this is infinitely easier said than done, you have to let go of the fear. In this industry, things are always going wrong. There are always fire drills alongside literal fires and most of what the job entails is anticipating problems and then addressing them efficiently and effectively what they pop up.
For you, your PIP is a career fire drill, as opposed to a project fire drill. Your identified weakness is the actual fire. You need to address these with the immediacy that you would with a burst pipe at a property or a $1M shortfall in a budget. You don’t have time for fear and fear isn’t helpful. Identify the problem and react accordingly.
Fear is the mind killer.
This might just be some of the best and most relatable advice I’ve ever read on this forum.
Real estate is a great industry for mentorship and getting advice from those 10, 20, 30 years older than you. Wouldn't be where I am today without guidance.
Thank you for the kind words, yes I am working to address these issues and actively thinking about them as I perform my work. Regardless of the outcome, it would not sit well with me if I knew I didn’t try my absolute hardest to improve myself.
Agree with what was previously said on reflection, but know that this is not the end of the road for you. People in this industry are getting laid off left and right. The PIP may be a reflection of your firm needing to downsize due to lack of transaction volume. Just keep moving forward with both reflection and job hunt
We've given these to a couple associates before with the legit intention to get them to improve because we liked them and their personality fit but they just weren't going to bat as well as they should be. It's tough to find good personality fits but having an under performer, especially on smaller teams, can really be a hinderance to success for the whole team in the long term. What did your report say?
Honestly it’s as you said, it was that I wasn’t really going to bat as I should have been coupled with some other modeling mistakes that I should have paid more attention to.
In my older job it really wasn’t a typical structured corporate position so I was still new to this world. As a result, in hindsight I was not adapting well to the corporate environment.
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