I do understand having skin in the game, but at the same time it pushes away candidates, particularly during this labor shortage[1]. And it has disparate racial impact, because oppressed minorities are less likely to have the finances to invest in their own tools.
My thought is that any good company should be able to create emotional skin in the game (i.e. caring) without needing financial skin in the game. If a company isn't there, it needs to sell its mission better and link the availability of tools to that mission.
[1] if you subscribe to the view that there is no shortage but only an unwillingness to pay fair wages (which is totally valid if there are no upfront costs to getting a job), consider that after months of losing savings to a pandemic, candidates may literally not have the cash to buy tools needed for a new job, so in this case it is truly a shortage of candidates with the ability to get the tools
My thought is that any good company should be able to create emotional skin in the game (i.e. caring) without needing financial skin in the game. If a company isn't there, it needs to sell its mission better and link the availability of tools to that mission.
[1] if you subscribe to the view that there is no shortage but only an unwillingness to pay fair wages (which is totally valid if there are no upfront costs to getting a job), consider that after months of losing savings to a pandemic, candidates may literally not have the cash to buy tools needed for a new job, so in this case it is truly a shortage of candidates with the ability to get the tools