Mike O'Donnell | Aug. 16, 2017

We find value in having our current employees involved in the hiring process

How our employees participate...

At Colorado Lending Source, when we post external vacancies, our process is to short-list several candidates. These candidates participate in an in-person interview with their potential supervisor as well as at least one other manager. From this process, two or three candidates are invited back to meet with their potential peers and other employees likely to interact with the new hire. No managers are present at this interview so the applicant can ask direct and frank questions about the culture, day-to-day operations, and indeed anything else that may of interest. In return, the employees get a chance to ask questions of the applicant to get a sense of whether they are a good fit for the culture, mission and values of Colorado Lending Source. 

Reasons why it's important for our employees to interact with potential hires...

There are plenty of intelligent and technically well-qualified applicants for every position Colorado Lending Source posts, particularly in a state like Colorado where the unemployment rate is ridiculously low. But we aren't looking for just AN employee. We are looking for someone who can embrace our mission and live our values. Managers and supervisors can't always tell that from an initial meeting. Employees, in a more relaxed setting, meeting with a potential colleague, have a better chance of doing so. We recently posted a vacancy for an entry-level position within Colorado Lending Source. Three potential applicants were invited back in to meet with a small group of employees. These employees discarded the manager's preferred choice as someone who would be insufficiently challenged by the tasks at hand. A second applicant was discarded because they were likely not committed enough to the mission to be an effective employee. And, a third was unanimously declared "just right". Almost four weeks into that position now, it is very evident that the involvement of the employees helped ensure that the very best candidate for the position was hired. 

A time when a current employee helped recruit a great new hire...

There have been several cases when this has occurred. But one notable instance took place when one of our employees met with a recent graduate to discuss various career opportunities in Denver in an informational interview setting. Colorado Lending Source did not have an open position nor did they initially intend to hire her. However based on her interests, skills, and values found that she would make an excellent fit within the organization. After several interviews and some wiggle room within the budget, a new position was created for this individual, who’s now been with the organization for nearly five years! Her skills and talents have developed over the years, and she has slowly moved up in the ranks of the organization. Colorado Lending Source finds value in training young professionals even with little career experience, giving graduates hands-on learning experience and allowing them to excel within the organization.