You are Right Derek-Dgomes, we call it EMPLOYEE POACHING
Hi
First you need to know what is this and how is this systems work.....
Here we go..
As most human resource professionals know, the best job candidates usually are those with several years of work experience and sound basic skills--preferably acquired while on the job. But people don't enter the workforce magically possessing the experience and job skills that employers want.
Because employers know that the best-qualified applicants will come directly from competitors, recruiting and hiring employees away from the competition becomes a necessity in an ultra-tight labor market. And necessity is the mother of inventive and sometimes controversial business practices.
Recruiting and hiring from your competitors is probably as old as business itself. But what is new--and a hot topic among employers--is how to attract and retain qualified candidates in a highly competitive labor market while also preventing their own intellectual capital from winding up in the hands of competitors.
"Within a free market economy such as ours there exists the privilege to compete, and just about everything and everyone is fair game when you have a level playing field,"
"When a company receives an unfair advantage, or what is perceived to be an advantage, over their competitors, there [are] certain remedies such as noncompete and confidentiality agreements that do work to some extent."
The highly competitive market for talent means more employers are using noncompete or nondisclosure agreements, which in turn has created a tense atmosphere among competing employers where litigation has become more common.
I have enclosed a document on "5 Things to Do When Your Competitor Hires Your Employees"
Hope you got my point and if you have any more questions please feel free to ask..