I manage a team of about 50 people, with 8 direct reports. This year we have restructured and I have been working towards creating an extra layer of management in the team as we scale, promoting four directors into a senior director position.
I have spoken with each of the four frequently about the pathway to this promotion. I've never promised it would be something that was definitely on the cards this cycle, but up until the end of the year, it seemed likely I would get approval - my immediate boss is the President of the company, second only to the CEO, and he was approving.
When we got to reviews/promotions time, I told all four I would be recommending promotion for them. Again, no promises, but optimistic.
In Q4, the company had a downturn in revenue, making us flat across the year. Capital partners and board not happy and pushed for minimal pay increases, promotions etc. across the company. As a result I was told I could promote 2 of the 4.
This week I have spoken to the other two and explained the situation and that we will push again in midyear. They have been understanding and thankful for the transparency, but obviously disappointed and demotivated.
I can't help but feel that if I had been more closed about my intentions, they wouldn't be feeling this way and that I have let them down.
So, AIBU to have been so transparent about it and built up their hopes, without being 100% sure it would happen?