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Two great suggestions, thank you. Sharepoint may be a bit more difficult for us to implement, but it's worth looking into. Wordpress Multisites seems like a very viable option, and possibly much easier to get up and running.<br />
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Thank you both for taking the time to help guide me.
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I've seen several large companies that offer individual webpages or &quot;websites&quot; for their associates, within the companies main domain. Once created, they have unique URLs something like johndoe.companyXYZ.com or companyXYZ.com/johndoe. Then, the associate can login and customize their page. <br />
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I would like to have something similar, but don't know where to start.<br />
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To offer something like this, would it need to be completely built from scratch? Or is there a CMS that can do this out of the box?
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I've seen several large companies that offer individual webpages or "websites" for their associates, within the companies main domain. Once created, they have unique URLs something like johndoe.companyXYZ.com or companyXYZ.com/johndoe. Then, the associate can login and customize their page. 

I would like to have something similar, but don't know where to start.

To offer something like this, would it need to be completely built from scratch? Or is there a CMS that can do this out of the box?

Create associate webpages / websites

Web development includes all aspects of presenting content on intranets and the Internet, including delivery development, protocols, languages and standards, server software, browser clients, databases and multimedia generation.

Web Development

Web development can range from developing the simplest static single page of plain text to the most complex web-based internet applications, electronic businesses, and social network services using a wide variety of languages and standards, including the familiar HTML, JavaScript and jQuery, ASP and ASP.NET, PHP, ColdFusion, CSS, PHP, Flex and Flash, but also the implementation of a broad list of standards including XML, WSDL, SSDL, VoiceXML and many more.

Web Languages and Standards

A web-based content management system (CMS) provides website authoring, collaboration, and administration tools that enables users with little knowledge or experience to create and manage website content. Most CMS systems use a content repository or a database to store page content, metadata, and other information assets, and a presentation component that displays the content to website visitors.