EmploymentHandbook-UpdatedMay2024-2

Compensation and Performance Management

Compensation Philosophy Employees are our most valuable and important resource. We value the diversity of talent and different perspectives our business professionals bring to the table, and we compensate employees on the basis of job performance, experience, qualifications, skills, job value and individual contribution. We monitor salary practices to ensure they are externally competitive, internally consistent and personally motivating. Our programs are designed to incentivize and differentiate based on individual and business results, key competencies, and behaviors consistent with Venable’s core values and long-term success. Employment Categories Throughout this Handbook, you will see references to the following employee categories: (a) Introductory Employees. Newly hired employees who have yet to successfully complete their introductory period of employment.

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