What is Acqui-hiring?

What is Acqui-hiring?

Acqui-hiring is a combination of two words: “acquisition”, and “hiring”. Acqui-hiring is a term in HR management, which means acquiring or buying a company just to hire its employees. This acquisition is made to attract highly skilled and talented employees of the company rather than its products and services. It’s very common in the tech industry because of the high demand for skilled employees and the lower supply. It’s very beneficial because, due to Acqui-hiring, the company doesn’t need to spend much time on the lengthy process of hiring employees one by one. They will get a bunch of talent pools in one go....

Benefits of Acqui-hiring

1. Rapid Talent Acquisition: The traditional method of hiring employees is very time-consuming, as it includes, multiple steps, like selecting candidates, screening, interviewing, training, etc. But in Acqui-hiring, the company can quickly onboard a team where everyone is an experienced and skilled professional. In this fast-paced world, speed is very crucial. In this process, the company acquires the whole company, and then they will get all their engineers, designers, managers, etc. So the whole team can continue their work as they were doing before the acquisition....

Steps to Acqui-Hiring

Step 1. Identify your talent needs and goals...

Conclusion

Hence, we understand that Acqui-hiring is a strategy which includes buying the whole company to get access to talented employees of the company. It can have various benefits for the company, such as increased productivity, performance, and knowledge transfer between new and old employees. The process of Acqui-hiring begins with choosing a company which is suitable according to financial status, work balance, performance, etc., and then acquiring it with the consent of employees, and chairpersons. Then, deploying the new employees in their respective roles. It requires careful planning and negotiation. People should not consider it as a shortcut to success. Managing a company with a lot of employees, retention, and continuous improvement is equally difficult to build from scratch. Acqui-hiring can benefit both the buyer and the acquired organization if done right....