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Very often I read about this term Lateral Hiring. Can one clarify what is meant by Lateral Hiring ?
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Lateral hiring is when you hire someone without change in his Salary, Role and Designation.
Ther person gets same salary and responsibilites on the new job.
Lateral means belonging to the side in Latin. Thus a lateral hire is someone hired "from the side", meaning at the same experience and wage level as their previous job