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Lateral Hiring | greytHR

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LATERAL HIRING

Lateral Hiring, also known as horizontal hiring, refers to the Recruitment of
experienced professionals from other organizations to fill specific roles that
require a certain skill set or expertise. Unlike campus hiring or entry-level
recruitment, lateral hires bring relevant industry knowledge and experience,
enabling them to contribute effectively from the outset.

In India, lateral hiring has gained prominence as companies strive to enhance
productivity, boost efficiency, and foster innovation. Many sectors, especially
technology, finance, and consulting, rely on lateral hiring to attract talent
capable of managing complex responsibilities with minimal training.


KEY BENEFITS OF LATERAL HIRING

 1. Immediate Productivity: Lateral hires are generally able to contribute from
    day one, as they already possess the skills and experience required for the
    role.
 2. Diversity of Thought: Bringing in external talent adds new perspectives to
    the team, potentially driving innovation and enhancing problem-solving
    capabilities.
 3. Time-Efficient: Lateral hiring shortens the recruitment cycle since these
    professionals typically require less training and Onboarding.
 4. Access to Specialized Skills: Companies can strategically fill skill gaps by
    hiring candidates with niche expertise that may be missing within the
    current team.


THE LATERAL HIRING PROCESS IN INDIA

 1. Identification of Requirements: Companies first assess their specific needs
    for the role, identifying the skills, experience, and expertise required.
 2. Sourcing Candidates: Candidates may be sourced through various channels,
    including professional networks, job portals, recruitment agencies, and
    referrals.
 3. Screening and Assessment: Shortlisted candidates undergo assessments based
    on skills and past work experience to ensure compatibility with the role.
 4. Final Selection: After evaluations, companies extend offers to candidates
    who are the best fit in terms of skills, experience, and cultural alignment.
 5. Onboarding and Integration: While lateral hires may need minimal training,
    they still undergo Onboarding to understand company policies, tools, and
    internal processes.


CHALLENGES OF LATERAL HIRING

Lateral hiring can also come with challenges, such as:

 * Higher Compensation Expectations: Experienced professionals often expect
   competitive packages, which may increase hiring costs.
 * Cultural Integration: External hires may take time to adjust to the company
   culture and align with its values.
 * Potential for Role Misalignment: Without clear role expectations, lateral
   hires may struggle to perform if there’s a mismatch between their skills and
   job requirements.


BEST PRACTICES FOR EFFECTIVE LATERAL HIRING

 1. Define Clear Role Expectations: Ensure both the company and the candidate
    have a clear understanding of the role’s expectations.
 2. Consider Cultural Fit: Assessing cultural alignment during the Hiring
    process can reduce integration challenges.
 3. Offer Competitive Compensation: A fair and attractive package helps to
    secure top talent in a competitive market.


FAQS ON LATERAL HIRING

 1. What is the primary purpose of lateral hiring?
    Lateral hiring aims to fill roles that require specific skills or
    experience. It enables companies to bring in skilled professionals who can
    contribute quickly, reducing training time.

 2. How does lateral hiring differ from entry-level hiring?
    Unlike entry-level hiring, which targets fresh graduates, lateral hiring
    focuses on experienced professionals. This allows companies to fill
    specialized roles with individuals who bring industry knowledge and
    expertise.

 3. Is lateral hiring common in India?
    Yes, lateral hiring is prevalent in India, particularly in industries such
    as IT, finance, and consulting, where niche skills and experience are in
    high demand.

 4. Are lateral hires usually paid more than internal promotions?
    Lateral hires may receive higher compensation due to their specialized
    experience. However, companies strive to maintain Fair Pay structures,
    balancing internal and external compensation.

 5. What are the primary channels for lateral hiring in India?
    Companies use multiple channels for lateral hiring, including professional
    networks, recruitment agencies, job portals, and employee referrals, to
    attract experienced candidates.

 6. What are the main challenges associated with lateral hiring?
    Key challenges include higher salary expectations, cultural integration
    issues, and potential misalignment between the role and the candidate’s
    experience.


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