Bypassed for progression
I accepted a role 2 years ago with a slightly smaller company with the view that it would give me more exposure and opportunities to advance my career. I gave up a bonus and took less pension contributions with the assurance that they would push for me to go up a band after a year and become eligible for bonus etc. I was to have 2 direct reports and lead the team, manage workload etc. When I joined, the reporting didnt change but I was to 'mentor' and train, then they made one of the team redundant and had the other member report into someone else and take on other workload. I'm now left doing mostly administrative work to keep things afloat and have regressed about 20 years. In each performance review I'm told I need to learn and be involved in more complex things before I can progress, but I literally cannot take on any more work as all my time is taken up doing entry level tasks. I see other team members grow and thrive and feel left behind as I am 'managing' a department that involves menial boring work. All done by me as they are unwilling to hire more people. I am looking for another role but the job market isnt great and I feel so depressed and burnt out. There is also a level of humiliation as I feel I've been demoted somehow, I see myself de-skilling. Ive gone from building complex financial models, presenting P&L to C-suite and managing teams to copying/pasting and sending emails as a full time job. I cant even send an email to a client without management approval. I was a client focal point previously, its patronising. I'm de-skilling rapidly and my colleagues now see me as an admin person so I am worried about my reputation in the field I work in. I cant go on like this but I need some advise on how to turn things around.
For clarity, I have brought this up with my manager and they said they dont have headcount to add anyone else to the team and they will give me more complex tasks but I need to manage my workload so I can stretch myself. I already work many evenings to catch up and have no capacity for more complex tasks that require a lot more time and thought. Ive been told to 'prioritise'. My mental health is in the gutter and I have lost so much confidence in my abilities.