Pay & Benefits
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.
We call our compensation and benefits package “3M Total Rewards"
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:
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Your pay
Be rewarded for your efforts with a competitive base salary and variable incentive pay linked to company and individual performance.
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.Sales Incentives
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)
Management-level (and equivalent) employees are eligible to receive equity grants based on their level of responsibility, individual contribution and leadership performance. -
Benefits
Benefits include, free Life Assurance, Discounts 4U offereing you a selection of discounted products and services from various outlets. Bike to Work Scheme and Employee Assistance Programme.
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Paid Time Off
Paid time off is another part of your 3M Total Rewards that helps you relax and balance your work and personal life. Your paid time off includes vacation and holiday pay, short- and long-term disability benefits, and time off for parental leave, emergencies or other miscellaneous absences. Part-time employees (defined as employees who work a minimum of 20 hours per week) receive a prorated amount of paid time off based on their anticipated work week.
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Gender Pay Gap Information
The data in this Gender Pay Gap Report has been prepared in accordance with the Equality Act 2010 (Gender Pay Gap Information (PDF, 359 KB)) Regulations 2017 and relate to the year ending 5 April 2023.
Learn how your skills might be a fit at 3M.
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This document is not the official plan document for the plan, and in the event of any conflict, inconsistency or ambiguity between this information and the official plan documents, the terms of the official plan document will control. 3M reserves the right to modify, amend or terminate the benefit plan, in whole or in part, at any time. Neither receipt of this document nor its use of the term “you” indicate eligibility for the plan. Only those individuals who satisfy the eligibility requirements and other criteria contained in the official plan document are eligible to participate in the plan.
