Save time -- hire well

When you're hiring, don't just look to fill a spot -- look to fill that spot well. It'll save you a ton of time down the road

By David Lykken
Special to MPA

To many organizations, recruiting is seen as a headache. It's a colossal waste of time to search for qualified candidates, analyze applications, conduct interviews, and implement training. Recruiting wastes a ton of time. Doesn't it?

That depends. If you treat recruiting as a necessary evil, it probably will be a waste of time. You'll end up jumping through all of the hoops simply to hire mediocre candidates. Most organizations doing recruiting today aren't giving it enough thought and, consequently, are probably wasting a lot of time.

If recruiting is done properly, however, you can actually save a ton of time. If you hire the right people and put them in the right positions, you can achieve maximum efficiency. You won't have to spend as much time monitoring and you can get more business done in a day.

So, when you're doing your hiring, don't just look to fill a spot. Look to fill that spot well. It will save you a ton of time down the road.

David Lykken is 40-year industry veteran who has been an owner operator of three mortgage banking companies and a software company. As co-founder and Managing Partner of Mortgage Banking Solutions, David consults on virtually all aspects of mortgage banking with special emphasis executive leadership development, corporate strategic direction and implementation as well as mergers & acquisitions. A regular contributor on CNBC and Fox Business News, David also hosts a successful weekly radio program called “Lykken On Lending” ( that is heard each Monday at noon (Central Standard Time) by thousands of mortgage professionals. Recently he started producing a 1-minute video called “Today’s Mortgage Minute” that appears on hundreds of television, radio and newspaper websites daily across America.