Lateral Recruitment or Lateral Hiring is the process of hiring an expert for the job that needs to be filled. In some cases, it is also known as specialized hiring. Lateral hiring is hiring professionals from outside the company or organization. Lateral Hiring is a proven way of retaining the talent in the company by moving talent from one department to another.
Benefits of Lateral Hiring
The prospective candidates that are lateral hires possess interpersonal and additional skills that will prove to be an asset for your company. Lateral hiring is a perceptive hiring process that brings in experienced and skilled talent that will profit the company in the long run. It is a challenging process for the recruiter as candidates consider the employee benefits and pay scale with future pay prospects in mind when they join a new company. Lateral Hiring increases the efficacy of the company.