EXp Realty helps its clients buy and sell real estate. However, the company itself only has a tiny office in Bellingham. It is needed only for the reason that, according to the requirements, the company must be registered somewhere. The real work takes place on a virtual island. It employs all 8,000 eXp employees.
EXp Realty is doing great. During the year, the share price has almost quadrupled. The company has a market capitalization of over $ 610 million. Perhaps the secret to eXp's success lies in its unusual approach to work organization. All of their employees use a computer and smartphone app that looks more like a video game. Our colleagues from Business Insider visited the eXp virtual campus that spans an entire island.
It all starts with the creation of a virtual character that will somehow resemble the current employee. EXp says many of its employees change their virtual clothes every day. After that, the employee appears on the virtual island. In order to see it, you need to use a computer. The smartphone app only provides sound and is used for urgent negotiations.
On the island you can see huge buildings and a large number of meeting areas. The movement of the character is carried out using the mouse or keyboard, just like in a computer game. When employees speak, an indication appears next to their characters so that it is clear who is speaking. In addition, employees can display their computer screen and give presentations.
As mentioned above, in the virtual world there are a huge number of different locations, and the buildings are full of rooms. You can navigate between them using the menu. It takes a few seconds and there is no need to waste time walking around the island. If you still want to take a walk, the staff can use virtual boats that will allow you to ride. On holidays, fireworks can be seen in the virtual sky.
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Absolutely everyone in the company is happy with their work on the virtual island. It gives ease of communication. Employees can work regardless of the weather, traffic jams or other conditions. Plus, there are no office costs for 8000 employees. Finally, the company can recruit talented workers from all over the world without any restrictions. EXp management has never seen most of its employees in real life.