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I worked at Valassis full-time (More than 8 years)
Good starting salary, decent co-workers, some good managers. Casual dress.
No incentives, sub-par pay raises. Terrible annual and semi-annual review process. Atrocious managers (mine was why I left). Completely unrealistic workload. They expect perfection at an insane production speed, which just isn't possible. No real opportunity for growth or career expansion unless you want to take on more work for no pay increase or title change. Valassis is basically a career and morale killer for most.
Advice to Management
Listen to your employees when every one of them complain after you replace a superior manager with one who was abysmal. People WILL leave (and did).