A look inside 3M’s Total Rewards
Here, you can grow through challenging work at a leading global company and be rewarded for your efforts. When you excel at work you’re passionate about, it contributes to 3M’s success and creates even more success for yourself. Look around and you’ll see that inspired opportunities are everywhere.
3M Total Rewards includes a range of plans and programs that are intended to attract, retain and motivate the high-performing employees we depend on for growth and success. 3M Total Rewards break down into three areas:
Your pay. Be rewarded for your efforts with a competitive base salary and variable incentive pay linked to company and individual performance.
Your benefits. Live your best with unique resources and high-quality benefits. Medical, dental and vision plan options, savings and retirement plans, a 3M employee stock purchase plan and many other resources can enhance your life, both physically and financially.
Your life at 3M. Grow through challenging work by leading important projects, working with diverse, talented people and finding endless opportunities to develop your skills – while enjoying access to many perks, programs and resources.
When you are paid at 3M, you are being recognized for the meaningful contributions you make to 3M’s business results. To ensure that our pay remains aligned with our desire to remain competitive, 3M regularly benchmarks pay and benefits with other companies that are comparable in size and scope.
Your pay may include two components: base salary and variable pay. While base pay applies to all employees, variable pay is offered to eligible employees and may include annual incentives, sales incentives or other incentives.
Annual Incentive Plan (AIP)
The Annual Incentive Plan (AIP) aligns a portion of eligible employees’ pay with company, business unit and individual performance. In most cases, you are eligible for the AIP if you are an active, non-production, salaried 3M employee. Employees eligible to receive sales incentive compensation do not participate in the AIP.
Each sales representative’s pay includes base pay and sales incentives, paid monthly or quarterly, depending on the business you represent.
Long-Term Incentive Plan (LTIP)
Senior Management-level (and equivalent based on eligibility defined in LTIP plan documentation) employees are eligible to receive equity grants based on their level of responsibility, individual contribution and leadership performance.
Your benefits are an important part of your total compensation at 3M. You are eligible to participate in most of these benefits beginning on your first day of employment.
3M pays the majority of the cost for medical coverage for you, your spouse and childeren. This covers maternity benefit as well for female employees and spouses of male employees.
The dental benefit covers all employees, with other optional coverages offered for dependents at group rates. This include unlimited consultations with any accredited dentist among others.
3M offers a variety of life and accidental insurance plans for you and your eligible dependents. Basic Life Insurance coverage is provided at no cost to you, with other optional life insurance coverages offered at group rates.
Paid Time Off
3M offers paid time off that includes vacation, holidays, illness, and other time off to help you balance your work and personal life.
Our retirement plan includes a company matching contribution, is intended to assist you in your goal of financial independence when you retire, and reward your dedicated and loyal service to the Company.
The tools of the trade which are provided to eligible employees include laptop, gasoline card, internet, transportation, mobile and parking reimbursements.
3M offers many programs to help you live your best — both physically and financially. Take advantage of our full range of opportunities — there’s something for everyone.
For your health
For communication & engagement
For your development
Global Rewards & Recognition Programs
3M Club, which plans activities for fun times with colleagues and families, and serves as a venue to share hobbies and interests 3Mgives for our advocacies in science education, the environment and children.