I've been hired a month ago as a salesforce tester as a P1 with 2 years experience. I am not allocated to project till now. My immediate reporting manager is saying he's working on getting me a project. I'm worried as of now.. can someone please tell me how long is the bench period? and is there anything I should do from my end?

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6 months you are safe as lateral hire. After that WFM team came into picture they will say Tata Bye Bye

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One more scenario in your court.

For P1 usually they won't ask much about whether you tagged to the project or not. As they don't have vacancies and as per fair policy they should have given you three chances. So don't worry.

Could you please elaborate on what you mentioned as three chances?

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