Stats on Rapleaf Hiring

At Rapleaf, our greatest assets are our people – they make it possible for us to do the things we do at the pace we do.  We believe in working with the best talent, and take great steps to hire the cream of the crop.

A recent review of our hiring statistics over the past two years shows how determined we are in hiring only the highest-quality engineers:

• 1/4 of resumes pass initial screening and go on to the online interview
• 1/8 of those pass on the online interview and go on to phone interviews
• 1/5 of those pass first-round phone screen and go on to to second-round phone interviews
• 1/2 of those pass second-round interviews with the VP Engineering and go on to in-house interviews
• 1/2 of those pass full in-house interviews and get Rapleaf offers

Looking at these numbers, Rapleaf makes around one or two offers for every 1,000 resumes received. While such a tough screening process may check the pace of company growth, we believe great people are more than worth the time investment (see this article for more on hiring the A-players: http://blog.summation.net/2008/02/the-power-of-gr.html)

Here’s a related post on hiring during an economic downturn: http://blog.summation.net/2009/03/why-hiring-is-paradoxically-harder-in-a-downturn.html

p.s. Speaking of hiring, we’re looking for great software engineers, business developers, and product managers.  We offer $10,007 referral bonuses – please see our careers site for more details: http://www.rapleaf.com/careers

Related posts:

1. Rapleaf $10,007 Bailout Plans