Companies are like little societies, complete with their own language, history, culture, and customs. Some companies are more open and accepting of outsiders, while others are more exclusionary. Those in the latter category are typified by the use of language and terms that are foreign to outsiders.
The most important step you can take right now is to ask questions whenever you hear terms that are unfamiliar to you. If you fail to do so, you are going to fail, period.
You should also step back and take a careful look at the company itself. While there is nothing wrong if a company has its own terms and terminology, there is a real problem when no steps are taken to familiarize new hires with this unique language. The situation is easy for a company to correct, such as through an orientation program, a mentoring program, or even with something as basic as a glossary. The fact that the company uses none of these raises real questions.
As you learn the lingo, you should suggest to the powers that be that the company take extra steps to help new hires with this issue. The company’s action or inaction in response will say more than words.
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