Chapter 7. Talent Development Budget
In this chapter, I explain the importance of establishing a Talent development budget (TDB) that accounts for the costs of attracting, holding, replacing, training, and developing Talent. I propose a value-driven cost structure that measures the quality of work performed against the quantity of work performed. I recommend having a contingency plan for key Talents.
Special budgets for special people may send shock waves through an organization. Most organizations have been struggling to reduce inequities due to past discriminatory practices. Now if you propose a budget to deliberately increase inequities between classes of people, this new notion will encounter resistance. The sooner you face such resistance ...
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