Lateral Hiring

The term is often used to describe the hiring of experienced professionals from other companies, rather than recruiting fresh graduates or interns.This type of hiring is typically done to bring in new skills, knowledge, and perspectives to the organization. It can also be done to fill a specific role that requires a specific set of skills or experience that is not currently present within the company. Lateral hires are usually expected to hit the ground running, and are usually paid more than new hires, as they bring experience and expertise.

Frequently Asked Questions

What is lateral hiring?

Lateral hiring refers to the process of recruiting employees who already have experience in a specific field or industry, rather than hiring entry-level candidates or promoting from within.

Why is lateral hiring done?

Lateral hiring is typically done to bring in new skills, knowledge, and perspectives to the organization. It can also be done to fill a specific role that requires a specific set of skills or experience that is not currently present within the company.

What is the difference between lateral hiring and traditional hiring?

In traditional hiring, the company typically hires entry-level candidates or promotes from within. In lateral hiring, the company hires experienced professionals from other companies.

Are lateral hires paid more than new hires?

In general, lateral hires are usually paid more than new hires because they bring experience and expertise to the company.

Can lateral hires be promoted within the company?

Yes, lateral hires can be promoted within the company, just like any other employee.

How can a company attract lateral hires?

A company can attract lateral hires by offering competitive compensation and benefits packages, a positive work-life balance, opportunities for professional growth and development, and a strong company culture.

What are the challenges of lateral hiring?

Some of the challenges of lateral hiring include adapting to the company’s culture and processes, potential conflicts with existing employees, and higher costs associated with hiring experienced professionals.

How do companies ensure a good fit with lateral hires?

Companies can ensure a good fit with lateral hires by conducting thorough interviews, checking references, and offering a trial period before making a formal job offer.

How can companies retain lateral hires?

Companies can retain lateral hires by providing opportunities for professional growth and development, offering competitive compensation and benefits packages, and fostering a positive work-life balance and company culture.

Are lateral hires more likely to be successful in their new roles?

Lateral hires, because of their experience and expertise, are more likely to be successful in their new roles, as they are expected to hit the ground running. However, the success also depends on how well they fit in the company’s culture, how well they are integrated into the team, and how well they are supported by the company to succeed.