Lateral hire

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Lateral hire
(n.)
An experienced person you have hired for a role in your organisation instead of promoting an existing employee into it.

On Peter Rabey’s Leadership Learns podcast, Rory Sutherland makes an excellent point about lateral hiring into the management layer: not only does the candidate come in without any of her own institutional capital but, upon her arrival, she annihilates institutional capital held by existing staff who will report to her, as she will have no idea about what these people.