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It means that middle management is stuck between what’s good for their team and what’s good for the business. The manager is basically saying, “hope this works out because I have zero control”
Managers usually are given a pool of money to distribute, if the company doesn't give them enough (or any) they can't give anything out.
Chief
Means your manager is inexperienced bc they shouldn’t dangle carrots and should only communicate what they have in hand
Usually they put a list in for promotions/raises ...has to get approved up the ladder. If your manager and the leadership manager support your promotion typically it shouldn't be a pro lem unless the agency is doing well then they are tight with their money.
Good luck.