Lateral recruitment is a process wherein companies search for an employee who can perform a similar job to one that is open; however, with the same experience and background, essentially from another similar company.
If a prospective candidate is also a lateral hire with interpersonal as well as extra skills, he or she can be a valuable asset to the organization.
Unlike normal hiring methods, lateral recruitment improves the growth and bottom line of companies to a greater extent.
At the same time, one cannot overlook that lateral recruitment is also a bit difficult since candidates look for employee benefits, a good pay range and ask for future pay prospects before joining the organization.
To help lateral hires adapt to the company culture, they should be onboarded effectively.
By getting hands-on lateral hires, companies can not just improve their overall branding but also acquire desired goals effortlessly.
Also, See: Hiring Workflow
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