UBS

Lateral Recruitment

What is a Lateral Recruitment?

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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