On the concept of "talent-constrained" organizations

Abstract

Organizations may claim to be talent-constrained, meaning they cannot hire talented people despite having the financial means to do so. Possible explanations include cash constraints, genuine absence of talented individuals, the belief that talented people should work for low pay, workplace egalitarianism concerns, and irrationality of funders. However, it is argued that workplace egalitarianism and irrationality of funders are the most compelling explanations in practice. – AI-generated abstract.