A lift out is a recruiting method whereby an entire team is “lifted out” of one organization, and inserted into another. It can be as few as two talented people, and as many as 20 or 30 working like a well-oiled machine. It differs from an acquisition in that the emphasis is on the team and its leadership, and not another company. Research shows that superstars who move with their teams are more successful in their new companies than those who move alone. That’s because the team as a unit is ready to go to work quickly, without having to get acquainted or navigate the labyrinth of group dynamics. Planned and executed thoughtfully, a lift out provides a company with a talented group of professionals whose expertise will add positively to the bottom line almost immediately. If not planned well, a lift out can result in humiliation for the hiring firm and unemployment for the lifted out team. Below are seven key steps to take when undergoing a lift out.
Gretchen Neels, President, Neels & Company - Strategic Business Communication http://www.neelscompany.com
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Article Submitted On: November 28, 2006
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