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:
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.
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 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.
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.
The Gender Pay Gap is a measure of the difference in average pay of men and women, regardless of the nature of their work. This is expressed as a percentage of men’s earnings, e.g. women earn x per cent less than men. A negative percentage indicates that women earn more than men. The Gender Pay Gap does not measure equal pay, which relates to the amount that men and women are paid for the same or similar jobs. The data in this report has been prepared in accordance with the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 and relate to the year ending 5 April 2020.