Glossary
Lateral Recruitment
Meaning & Definition
Lateral Recruitment is when an organization hires individuals who have prior experience to fill vacancies at middle or senior levels. This differs from entry-level recruitment since lateral recruitment involves recruiting people who have already had experience and knowledge in their respective industries. In Human Resource Management, this is one of the important strategies used for talent acquisition.
Importance of Lateral Recruitment
- Facilitates speedy recruitment for essential and specialized positions.
- Involves industry experience and new ideas in the organization.
- Reduces training time compared to the recruitment of fresh graduates.
- Supports business growth and the development of skills.
- Assists organizations in managing their skill gap challenges.
Compliance Requirements
There is no particular statutory compliance that can be said to be related to lateral recruitment. However, employers need to carry out due diligence on prospective employees and ensure that they are not in violation of any employment laws.