What is lateral hiring?
It is the process of sourcing suitable passive candidates to fill a niche, specialized or executive positions. These people won’t be found in your talent pool or on job boards; they’re not active in the job market. Although lateral hiring can be utilized in any industry, it’s most commonly found in professions like law, science, and medicine, as well as big business and government.
Candidates targeted already have a thriving career, a well-established industry reputation and are often experts in their field. They have all the soft and hard skills needed for success.
Sometimes companies want their specific abilities to fill critical roles that are affected by the growing global talent shortage. Or an organization might need to go through growth or transition to remain competitive, and they need their expertise onboard to meet business goals