FirstTrack, a fitness equipment manufacturer, has just purchased Runnerz Inc., a start-up company, for $15 million. FirstTrack plans to shut down Runnerz but retain over 75 percent of the staff. This is an example of:

Question

Quizplus · Accepted Answer

Acqui-hiring is the practice of buying a company primarily for the skills and expertise of its employees instead of its products or services. In this scenario, FirstTrack is retaining over 75 percent of Runnerz's staff, indicating that the acquisition was primarily an acqui-hire. The option of blind hiring is incorrect as there is no indication that FirstTrack is hiring without regard to candidates' qualifications or abilities. Fast track hiring is also incorrect as it refers to a process of expediting hiring timelines, which is not relevant to this scenario. Start-up consolidation may fit contextually, but the term acqui-hiring more specifically describes the practice of buying a company for its talented employees. Lastly, employer branding refers to a company's reputation as an employer and how it markets itself to potential employees, which is not relevant to this scenario.

FirstTrack, a Fitness Equipment Manufacturer, Has Just Purchased Runnerz Inc