Random question regarding BEE finance partners

[DCS]

Long story short the company I work for suggested the possibility of myself getting a promotion to a management position before it was advertised to the people in the company (even got to go on a few leadership courses, so they were pretty serious). Fast forward a few months and nothing about the promotion, though instead in a company meeting it was announced that they have sold a portion of the company to a BEE investor type firm. Obviously a deal like that would take a while to setup, so would coincide with the possible promotion…

Now my question is does anyone have first hand experience or know if a deal like this would come with conditions such as hiring BEE candidates for managerial positions etc?

I asked, though got a default sounding answer that the owners are still 100% in control of everything at the company...

 

[Batista]

I dont think you are going to like my answer.

If you dont have anything signed then im afraid its not going to happen.This is why companies shouldnt just spew these things out at their employees with no formalaties.

 

[MrGray]

Have you asked them about it? No point in jumping to conclusions if you haven't communicated - maybe their BEE investor, etc is all part of the same plan.

 

[doubletrouble]

I dont think you are going to like my answer.

If you dont have anything signed then im afraid its not going to happen.This is why companies shouldnt just spew these things out at their employees with no formalaties.

Although... If he can prove that the company created an expectation that he would get the position then he will have a leg to stand on . Depending on the circumstances involved with sending him on the leadership courses.

 

[Lupus]

Yeah more then likely you were strung along to keep you there, also honestly why would you want to go into a management position?

 

[DCS]

Yeah more then likely you were strung along to keep you there, also honestly why would you want to go into a management position?

The money and perks def not the extra work...

 

[DCS]

This was more just me wondering if a BEE investor would come in with strings attached and conditions that need to be met.

 

[Sanzer]

Long story short the company I work for suggested the possibility of myself getting a promotion to a management position before it was advertised to the people in the company (even got to go on a few leadership courses, so they were pretty serious).

How was it suggested? Is it in your employee / individual developement plan in writing? What is the ccompnay policy on development of employees.

If there is no policy and nothing has been committed to by HR or line manager then you have no grounds

 

[TheChamp]

How was it suggested? Is it in your employee / individual developement plan in writing? What is the ccompnay policy on development of employees.

If there is no policy and nothing has been committed to by HR or line manager then you have no grounds

I work for suggested the possibility of myself getting a promotion to a management position before it was advertised to the people in the company

Looks to me like someone higher up used their discretion and disregarded any policy. It also looks to me like OP's company is under pressure to meet the requirements of this BEE deal and amongst those is that they should have someone like OP in management to boost their profile.

 

[Former member 61586]

Oldest trick in the book. Surprised people still fall for it. If its not in writing, its BS.