New Belgium is known for its quirky corporate culture; the company employs eight "carnies," who work the brewery's Tour de Fat fundraising events, in addition to chemists, microbiologists, electricians, forklift operators, and engineers. The company has low (3 percent) annual employee turnover, and a tenth of the brewery's employees may take extended leave in any given year. Employees who become part-owners of the business are recognized at an annual Ownership Induction Ceremony and are presented with a cruiser bicycle recalling the company's symbol. The company was named one of the "25 Most Audacious Companies" by "Inc." magazine.