Lateral recruitment refers to filling the higher-level vacant position with employees who have experience in a similar department but in different roles. It is a proven strategy for both retaining the best talent of the company as well as attracting and hiring the best talent from outside.
An example to understand it better,
Lateral hiring is a process of hiring an expert for the job. The following points should be kept in mind for a smooth lateral hiring process;
Hiring the talent that increases your company’s efficiency. This provides the addition of talent to your firm and increases the efficiency as you hire experience into your firm.
Lateral Recruitment is a process of filling higher-level positions. It is always essential to keep in mind your needs and what your organization stands for. Here are some points that might help attract lateral hires to your firm;
Lateral hire is a career change, it is not considered as a promotion. Although, It gives a chance to gain new experience and polish your skills.
While hiring a candidate there are many problems regarding the various aspects such as
Let your HR and workforce focus on most important business decisions while factoHR can reduce the burden of daily activities of the organization.