Hai Jaspreet, There are companies which practice such kind of lateral hiring to promote job enrichment or job rotation in order to motivate the interest to work avoiding the monotony
From India, Hyderabad
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70From India, Hyderabad
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Now, I’m completely cleared with my doubts and very rightly u pointed out that its transfer but not promotion. Thanks a ton, bhandvi.. Take care..
From India, Delhi
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From India, Delhi
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hi to all,
Hey, i got your point. You mean to say that lateral hiring means when a particular company fill up the position above the entry level (it may higher level also) through his own manpower (as mahesh explained above) or his peer group firms with same kind of experience but giving them a higher perks/salary.
Is it right guys.
Regards,
Sandip Gajjar
From India, Ahmadabad
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Hey, i got your point. You mean to say that lateral hiring means when a particular company fill up the position above the entry level (it may higher level also) through his own manpower (as mahesh explained above) or his peer group firms with same kind of experience but giving them a higher perks/salary.
Is it right guys.
Regards,
Sandip Gajjar
From India, Ahmadabad
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Lateral Hiring
Recruitment of experienced people.
Its not the entry level recruitment of freshers and
because you are talking about experienced hand it has couple of challenges also.
* Salary expectation is high
*Cycle time
*Cost
Eg
Mumbai January 19, 2009 TCS to freeze lateral hiring
Tata Consultancy Services (TCS), the country’s largest IT services provider, has plans to freeze its lateral hiring, or recruitment of experienced hands. The company, which expects to take a final call on its hiring strategy next month, also says the next year’s salary hike would be in single digit per cent range.
Lateral hiring is also associated often with company mergers. So the other challenge that you face is that the culture of both the organization should be looked into.
Hope this helps
Thanu :)
From India, Kochi
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Recruitment of experienced people.
Its not the entry level recruitment of freshers and
because you are talking about experienced hand it has couple of challenges also.
* Salary expectation is high
*Cycle time
*Cost
Eg
Mumbai January 19, 2009 TCS to freeze lateral hiring
Tata Consultancy Services (TCS), the country’s largest IT services provider, has plans to freeze its lateral hiring, or recruitment of experienced hands. The company, which expects to take a final call on its hiring strategy next month, also says the next year’s salary hike would be in single digit per cent range.
Lateral hiring is also associated often with company mergers. So the other challenge that you face is that the culture of both the organization should be looked into.
Hope this helps
Thanu :)
From India, Kochi
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Lateral Recruitment:
Lateral Recruitment is mostly done for the higher level positions. It is like acquiring talent from the other firms like partners & associates with similar experiences or expertise in the relevant areas related to the business run by the hiring organization. In other words, “The professionals with several years of experience who move to a new company and assume a job at level similar to the one they left.” This cannot be put as a generic definition however, it depends upon the flexibility of Job Description. If a candidate with non-relevant experience can fit into the position, then this definition stands correct for most of the Lateral Recruitments. It is a sort of hiring the potentials of the candidates without any additional or only notional increase in the salary.
On the other hand, lateral recruitment is also processed for the non-experienced candidates. Meaning when a company recruits someone on levels above the entry level (or the level being offered to people with no work experience) - owing to the work experience of the person.
For example - a company X hires students from XYZ MBA college at the level of Assistant Manager (for no work experience). Withal, it offers a post of Manager to a student with a work of say 3 years. This will be called lateral placement in recruitment.
Regards,
Ashish Shrungarpure
From India, Pune
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Lateral Recruitment is mostly done for the higher level positions. It is like acquiring talent from the other firms like partners & associates with similar experiences or expertise in the relevant areas related to the business run by the hiring organization. In other words, “The professionals with several years of experience who move to a new company and assume a job at level similar to the one they left.” This cannot be put as a generic definition however, it depends upon the flexibility of Job Description. If a candidate with non-relevant experience can fit into the position, then this definition stands correct for most of the Lateral Recruitments. It is a sort of hiring the potentials of the candidates without any additional or only notional increase in the salary.
On the other hand, lateral recruitment is also processed for the non-experienced candidates. Meaning when a company recruits someone on levels above the entry level (or the level being offered to people with no work experience) - owing to the work experience of the person.
For example - a company X hires students from XYZ MBA college at the level of Assistant Manager (for no work experience). Withal, it offers a post of Manager to a student with a work of say 3 years. This will be called lateral placement in recruitment.
Regards,
Ashish Shrungarpure
From India, Pune
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From India
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To upload a resume for free, visit: [free jobs, upload resume, submit resume, apply jobs, apply job for free | Smile IT Solutions](http://smileitsolutions.com/resume-upload-jobseekers/)
It's just a free platform without any charges for recruiters or jobseekers because our team will not handle any recruitment activities directly or on behalf of any client through this portal. This platform allows you to upload your resume and benefit from having it searched by 200+ employers. There is also an option to leave a video resume, and similarly, recruiters can leave a live video job description as well.
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Smile IT Solutions
From India
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