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You are entitled to a certain salary during the probation period. Your employment agreement would dictate the terms of salary, leave entitlement, and other employment benefits.
However, private companies have far more flexibility in their compensation policy. You should negotiate your salary and employment benefits like leave entitlement, insurance, and conveyance before accepting an employment offer.
Successful completion of the period helps you secure a permanent position within the organization, which successively gives you better job security and employment benefits.
Employers evaluate your suitability for employment during the period. They provide training and monitor your performance during this era. Your team lead or manager provides periodic feedback to assist you to perform better. At the top of the probation period, companies review your performance so as to make a decision whether you ought to be inducted into full-time employment. Based on the result of such review, companies may recruit you as a regular employee with an increment, terminate the employment or extend your probation period.