POACHING OR RAIDING
Poaching means employing a competent and experienced person already working with another reputed company which might be a rival in the industry.
A company can attract talent from another firm by offering attractive packages and other terms and conditions.
For instance, several executives of HMT left to join Titan Watches and several polits of Indian Airlines left to join private taxi operators.
There are several other examples where the firms have raided the rival firms to procure their key personnel to enhance their competitive advantage.
Whatever may be the means used to raid rival firms for potential candidates, it is often seen as an unethical practice and not openly talked about.
In fact, raiding has become a challenge for the human resource managers of modern organizations because poaching of a key executive by a rival firm will weaken the competitive strength of the firm.
Regards,
Paromita