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2011 New Hire Orientation

2011 New Hire Orientation. Welcome to Valassis. 10/15/2014. Today’s Agenda: Our Company Our Total Rewards Our Company Policies. Valassis. Leading Media and Marketing Services Company Founded in 1970 7000+ associates in 28 States and 8 countries

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2011 New Hire Orientation

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  1. 2011 New Hire Orientation

  2. Welcome to Valassis 10/15/2014 • Today’s Agenda: • Our Company • Our Total Rewards • Our Company Policies

  3. Valassis Leading Media and Marketing Services Company Founded in 1970 7000+ associates in 28 States and 8 countries Offer a wide range of marketing services with operations in the US, Europe, Mexico and Canada We reach over 100 million shoppers weekly through our Redplum™ portfolio Inducted into FORTUNE magazine's “Best Companies to Work For” Hall of Fame in 2005 10/15/2014

  4. The Valassis Mission To deliver VALUE to consumers how, when and where they want 10/15/2014

  5. Goal: Establish RedPlum and Valassis as the #1 source of value media Unleashing the power of value what we want to be known for in the hearts & minds of consumers and clients

  6. The Valassis Brand (how we talk to clients) What we say: Valassis delivers a world of value through RedPlum media, by reaching consumers how, when and where they are most receptive, to help you achieve maximum response and sales impact. • Target Audience: • Advertisers (Fortune 500 to corner shops) and agencies • What we stand for: • Unleashing the power of value 10/15/2014

  7. The Valassis Brand (how we talk to clients) • Our Core Benefits • Measurable: Proven to drive response • Superior Targeting: Ensures you reach the right consumers for your goals – nationally or locally • Stretching Ad Dollars: RedPlum media delivers where consumers look for value: in the mailbox, newspaper, online and in-store • Partnering: Looks out for your best interest • Our Brand Character (our tone of voice) • Champion of Value: insightful, proven, resourceful, indispensable 10/15/2014

  8. RedPlum Brand (how we talk to consumers) RedPlum Benefits (to her) Savings: Help her “win the game” by delivering local and national deals that save her money at no cost Ease: Put deals at her fingertips by bringing coupons and retailers together in one place Community: Help find missing kids & more • Target Audience: • Working Moms, Net Lovers • Our Brand Character (our tone of voice) • Trustworthy, clever, fresh, champion (of value), irresistible 10/15/2014

  9. Emerging 2 3. RedPlum Inserts preprinted advertisements delivered in newspaper or Shared Mail Package 1. RedPlumShared Mail Package four page insert (Wrap) with inserts inside delivered in the mail Digital mobile, email, display advertising and digital coupon distribution 2. RedPlumFree Standing Insert coupon booklet delivered in newspaper or Shared Mail Package 4. RedPlum ROP advertisements printed on the newspaper page In-Store at-shelf signs, coupons, information and floor graphics • Other products: • direct-to-door • frequent shopper card direct mail • loyalty programs • polybag advertising • sampling • solo direct mail

  10. Total Rewards Program: A Five Point Package Growth & Development Benefits Recognition & Reward Compensation Pride & Work Life

  11. Growth & Development Investment in the personal growth and advancement of our greatest asset – our associates Growth & Development Benefits Recognition & Reward Pride & Work Life Compensation

  12. Growth and Development • Valassis Learning Center • e-Learning • Instructor-led • Reference Resources • Comprehensive on-the-job training and Leadership Development • Performance Management Program (PMP) • Formal and Informal Mentoring Relationships • Education Assistance Plan

  13. Education Assistance Full-time associates will be reimbursed 80% of eligible course costs up to $4,000 annually for job related: GED, Associate’s or Bachelor’s level and certification courses and $5,250 for job-related Master’s or PHD level courses Must be approved prior to taking course Must receive “C” or better for grade Must be employed for six months in order to be eligible to apply for tuition reimbursement Must be business related and relevant to an associates current job or future opportunity Must be in good standing 10/15/2014 13

  14. Valassis Core Competencies, Values and Behaviors

  15. Accountability for Results Sets challenging goals Seeks out new responsibilities and acts on opportunities Takes initiative to tackle and resolve problems Generates new ideas and implements actions to drive execution Demonstrates uncompromising integrity in pursuit of results Creates sense of urgency in self and others for achieving reliable and beneficial business outcomes 10/15/2014 15

  16. Agility Shows adaptability, versatility and resourcefulness in changing situations Embraces change and uses it as an opportunity to innovate, grow and stay competitive Is open to new ideas from others and practices self-development Handles pressure, swiftly makes decisions and adjusts plans to meet shifting priorities 10/15/2014 16

  17. Client Impact Acts with clients in mind and the overall best interest of the company Builds client confidence and loyalty by offering value-added solutions and ensuring commitments to others are met Takes ownership in resolving client problems Solicits ideas and feedback from clients for improvements in products and services 10/15/2014 17

  18. Collaborative Partnerships Develops and maintains positive working relationships, both internally and externally Promotes cooperation and teamwork through open communications Engages in productive conflicts, seeing them as opportunities to resolve issues and identify the best business solution for the company 10/15/2014 18

  19. Diversity & Inclusion Acknowledges differences in self and others, and shows respect for varying backgrounds Seeks out and involves individuals with different backgrounds and perspectives Fosters an inclusive work environment that respects and values the contributions of all team members Understands the importance diversity plays to drive organizational performance 10/15/2014 19

  20. Profitability & Business Focus Understands the company’s Mission, strategies and how his/her area contributes to these goals Knows how business operates and makes money, understands its products, services, clients and competitors Looks for ways to improve processes, gain efficiencies, optimize resources and reduce costs Seeks ways to increase productivity and profit through sounds business practices 10/15/2014 20

  21. Performance Management Process

  22. Performance Management Process & Compensation Decisions Timeline Current Year Following Year Establish Business Goals & Set Individual Goals Interim Review & 1st Half DFR & MB Year End Review, Merit Process, Bonus & Top Performer Stock Options/Restricted Stock Programs

  23. Benefits Comprehensive package of benefit programs to support associates and their families throughout changing life stages Growth & Development Benefits Recognition & Reward Pride & Work Life Compensation

  24. Valassis Employee Benefit Programs New Hire Webinars: Takes place every other week on alternating Tuesdays and Thursdays All-inclusive summary of the core benefit programs Verification of associate eligibility Enrollment instructions 10/15/2014 24

  25. Compensation Commitment to fair and competitive pay in return for our associates’ dedication to quality work and results Growth & Development Benefits Recognition & Reward Compensation Pride & Work Life

  26. 2011 Compensation Program Performance driven Opportunities to improve compensation: Job Growth Promotions Annual Merit Review Various incentive plans Career Level Structure 10/15/2014 26

  27. Valassis Career Level Structure Maroon font indicates non-exempt/overtime eligible

  28. Pride & Work Life Our unique culture makes Valassis a great place to come to work each day Growth & Development Benefits Recognition & Reward Pride & Work Life Compensation

  29. The Valassis Culture • Valassis values associates and their differences • Values flexibility and work life balance • Values internal promotion • Friendly environment and business Casual dress • Associates have pride in work and company

  30. The Valassis Culture We like to Celebrate! • Length of Service Award • New Hire Gift • Newly Married? $100 gift card • Car Seat Program for birth/adoption of first child • College bound kids receive college care package • Wellness Program

  31. RedPlum™ Have You Seen Me? Successfully recovered 150 children Program reach is 100 million households weekly Our Founding Principles: • Find missing children • Raise awareness about • missing and exploited children • Serve as a deterrent to would- • be abductors • Make sure that no missing child • is ever forgotten 10/15/2014 31

  32. Opportunities to Get Involved • Valassis Giving Committee • ECHO • Green Team • Celebrate US and Activities Committees

  33. Executive Council (EC) • The Executive Council (EC) represents a cross-functional team of associates reflective of the organization. • The Council has four key objectives: • Discuss, recommend and act on, when appropriate, policies, structure, issues and opportunities which affect the majority of the company;  • Improve internal communication;  • Create another opportunity to accelerate development of high potential associates; and  • Promote better integration, knowledge sharing and cross-functional team development.

  34. Celebrating our Culture - Awards Won in 2010 • Alfred P. Sloan Award for Business Excellence in Workplace Flexibility-Honorable Mention (VPW-Michigan; Dallas-Texas; Houston-Texas; Connecticut-One Targeting; Illinois-NCH) • “Top 100 Employer”, The Black Collegian • 100 Best Adoption-friendly Workplaces - 2010”, Dave Thomas Foundation for Adoption • “Top Work Places 2010”, Detroit Free Press • “Top Work Places 2010”, The Houston Chronicle • “Top Work Places 2010” in southeast Wisconsin, Milwaukee Journal Sentinel

  35. Celebrating our Culture - Awards Won in 2010 • “100 Fastest-Growing Companies”, FORTUNE Magazine • “2009* Cool Places to Work In Tough Times”, Crain’s Detroit Business (*award application every two years) • InformationWeek 500! • “Best Workplace in the Americas” Award-2010, presented by Printing Industries of America • “Best of Category”, Printing Industries of the Carolinas-PICA (Durham Division) • “Special Judges”, Printing Industries of the Carolinas-PICA (Durham Division) • 2011 Arbor Award for Excellence

  36. Recognition & Reward Tradition of recognition and reward to encourage both team and individual breakthrough performance and results Growth & Development Benefits Recognition & Reward Pride & Work Life Compensation

  37. Rewards & Recognition • Top Performer Stock Options/Restricted Stock Awards • Management Incentive Bonus (Managers and above) • Sales Incentives (Sales associates) • Goalsharing/Gainsharing Plans (Manufacturing associates) • Associate Referral Program

  38. Rewards & Recognition • Celebrate Us Spontaneous Recognition • Platinum Performers award • Quarterly Award where associates nominate one another • Recognizes associates who understand, embrace and have made a positive impact on the 2011 Company Goals and the six core competencies, values and behaviors • The Century Club • Company’s most prestigious award • Includes annual trip and awards

  39. Key Overriding Messages Our Total Rewards Program… • Reinforces our culture – a great place to work • Pay for performance • Pride and camaraderie • Accountability • Family-like work environment • Development mindset/promote from within • Drives individual, team and company results • Is more than just pay – it’s a complete package of rewards

  40. Valassis Policies

  41. Valassis Policies All policies are available on the myValassis Portal under U.S. Policies All associates must sign the Policy Acknowledgement and Receipt form to verify receipt and knowledge of the policies 10/15/2014 42

  42. Equal Employment Opportunity and Respectful Atmosphere It is Valassis’ policy that the principles of equal opportunity are embodied in all associate policies and practices in our Company Valassis prohibits unlawful discrimination because of race, color, national origin, religion, creed, citizenship, sex, physical or mental disability, marital status, gender identity, age, sexual orientation, or because of one’s status as a disabled veteran, veteran of the Vietnam era or other eligible veteran, or any other basis protected by law, in employment, and in any employment related decision, or in the administration of any personnel policy 10/15/2014 43

  43. Code of Business Ethics and Conduct A guide for full and part-time associates to live up to Valassis' high ethical, fiscal, and general business standards. This code sets our general principals but does not cover every situation that may arise Consistent with professional business ethics, we value all of our clients equally and will keep all information related to clients and our Company confidential Associates are expected to be familiar with the guidelines and principles that apply to their positions Any associate in violation of the COBEC policy or any other policies/principles will be subject to disciplinary action, up to and including termination 10/15/2014 44

  44. Sexual and Other Harassment Valassis is committed to a work environment in which all associates can perform their work free from sexual harassment or any form of harassment Harassment is verbal, visual or physical conduct that is offensive and shows hostility or aversion toward an individual or group based on legally protected basis Valassis prohibits any offensive, physical, written or spoken conduct of a sexual or derogatory nature, or based on any other characteristic protected by law 10/15/2014 45

  45. Sexual and Other Harassment Sexual harassment is defined as unwelcome sexual advances or other physical, verbal, or suggestive behavior Report any instances to Human Resources or to your immediate functional leader All reports of harassment will be taken seriously and investigated promptly and thoroughly Valassis will take prompt and effective corrective action to stop and prevent unlawful harassment from occurring 10/15/2014 46

  46. Performance Improvement A three step process with the goal of improving performance Step 1: Initial warning Step 2: Written warning Step 3: Termination Termination for Cause - Acceleration of Process Nothing in this policy changes the at-will status of an associate. At-will associates can terminate their employment (or can be terminated) at any time for any reason or no reason at all 10/15/2014 47

  47. Issue Resolution Associates are encouraged to raise any work-related concerns or issues with their immediate functional leader or Human Resources Associates will not be penalized for raising a good-faith concern 10/15/2014 48

  48. HR Solution Center The HR Solution Center team is your one-stop resource for you as an associate. The HR Solution Center is comprised of Valassis HR professionals who are located throughout the company. They are able to handle changes, questions and updates related to leave of absence; disability; Family Medical Leave Act (FMLA); benefits; verification of employment; HR policies and procedures; and general employment questions. Hours are Monday through Thursday, 8:30 a.m. to 7 p.m. ET, and Friday 8:30 a.m. to 5 p.m. ET. Reach the HR Solution Center by phone: 877-238-6847 E-mail:  HRSolutionCenter@Valassis.com; or fax:  860-285-1571. 10/15/2014 49

  49. Thank you for completing the Valassis Orientation Program. We welcome you to the organization and would like to wish you many years of professional success with Valassis! Please contact your Human Resource Representative for details and clarification Welcome! 10/15/2014 50

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