What it does: Customizes Web software for university admissions offices
Fire Engine RED epitomizes an all-virtual company: by saving on office space they're able to hire top talent around the country. Still, keeping everyone in the loop can be a challenge, but it also provides a number of unique advantages: "What we found is by working virtually, we don't have cliques," says CEO Shelly Spiegel. "Our VP hangs out with our support people. We don't have some of the issues that you have in a traditional office." The company saw a three percent turnover rate in 2010, and how about this for an employee incentive: If the company reaches a certain benchmark in 2011 (which Spiegel is confident her employees will reach) every single employee in the company get's a $10,000 bonus. "We want them to feel valuable," she says. "Because they are."
Where Virtual is the Best Policy Being an entirely virtual company means you have the advantage of hiring the best employees no matter where they live. Here's how Fire Engine RED's Shelly Spiegel does it.
Onboarding Done Better An employee's introduction to the company is equally important to the later success of both the individual and the company. Here are some tips from top workplaces on how to handle new hires.