An acqui-hire is when a company acquires another company primarily to acquire their talent.
Synonyms: acqui-hire, acquisition-hiring, acquisition-hire
Acqui-hiring is a term used in the business world to describe the act of a company acquiring another company primarily for the talent and expertise of its employees, rather than for its products or services.
This type of acquisition can be a cost-effective way for a company to expand its workforce and expertise in a particular area, and can also help to reduce the risk of losing key employees to rivals.
There are a number of reasons why a company might choose to acqui-hire another company, including:
Acqui-hiring can be a cost-effective way for a company to quickly expand its workforce and expertise.
It can also help to reduce the risk of losing key employees to rivals, and can avoid the costs and hassle of traditional recruitment.
However, there are some risks associated with acqui-hiring, such as the potential for cultural clash and the difficulties of integrating two different companies.
When done correctly, however, acqui-hiring can be a powerful tool for companies looking to quickly expand their workforce and expertise.