Acqui-hiring is a combination of the words ‘acquisition’ and ‘hiring’. It refers to the process through which one company acquires another, mostly for the purpose of hiring its employees. With top talent being in such high demand, some companies will purchase an entire business just for its employees rather than its products or services.
This is a relatively new strategy in the hiring world and is especially prolific in the tech industry due to the in-depth knowledge required for positions. This offers a shortcut to recruiters that can save both time and money for the hiring company. Rather than running multiple hiring processes, a business can gain many excellent new employees in one go.