Acqui-Hiring
Acqui-hiring or
Acq-hiring or talent acquisition, a combination of the words acquisition and
hiring, is referred to the process of acquiring a company to recruit its
employees with or without showing interest in its current offerings or their
continued operation. Those companies that engage in buying say it is talent
acquisition and it typically comes with a per head price. The process also
provides a relatively favourable exit strategies for employees with the prestige
of being bought by a bigger company which is combined with the typical hiring
process.
Acqui-hiring has been
increasingly becoming common in VC-based startup companies especially within
the tech-sector. As of March 2013, Facebook was the largest performer of this
process with over 12 in the last five fiscal quarters. Other brands like
Twitter, Yahoo and Google are also ranked alongside Facebook for similar
practices.
This activity is
facilitated by acqui-sourcing which is the process of identifying organizations
that agree to be acquired.
Acqui-hiring is very
commonly used when particular professions and skill sets are in great demand. A
carefully selected acqui-hire will give the company staffs that matches the
purchaser’s requirements or gives a competitive advantage with the special
qualifications of the staffs.
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