3M Total Rewards include a variety of employee benefits that are intended to attract, retain and motivate our employees.
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 and may include the following...
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.
Health care benefits are another important part of 3M Total Rewards. We provide comprehensive, quality benefits to you and your eligible dependents. If eligible, you may participate in most of 3M’s benefit offerings beginning on your first day of employment. 3M offers the same benefits to same sex spouses of employees as it does to opposite sex spouses.
Medical & Dental & Vision
The 3M Health Plan offers medical, prescription drug, dental and vision benefits. All of 3M’s medical plans include 100 percent coverage for preventive medical care when received from in-network providers.
3M medical and dental plan premiums are deducted before taxes through automatic payroll deductions.
We provide company-paid short-term and long-term disability coverage in the event you become ill or are injured and unable to work.
To help protect your financial security, 3M also offers a variety of life and accident insurance for you and your eligible dependents. 3M provides basic life and AD&D insurance coverage at no cost to you. Other optional life insurance coverages are offered at group rates.
Paid absence is an important benefit that helps you balance your work and personal life. This includes vacation and holiday pay, short- and long-term disability benefits and time off for emergencies or other miscellaneous absences.
Our parental leave policy helps employees be their best selves at home and at work. Mothers and fathers of newborn, newly adopted, or surrogacy children are entitled to a paid parental leave program.
Savings and Retirement Benefits
Our savings, retirement benefits and financial education resources help you plan for and manage your financial well-being at all stages of your life—both during and beyond your 3M career.
General Employee Stock Purchase Plan (GESPP)
The General Employees Stock Purchase Plan (GESPP) offers eligible employees an opportunity to make monthly purchases of shares of 3M stock at discounted prices through convenient payroll deductions. The price for shares purchased under the GESPP is fixed at the beginning of each month and represents a 15 percent discount from the closing trading price of a share of 3M stock on the first trading day of the month. Eligible employees generally may choose to contribute 3 percent to 10 percent of their eligible compensation.
Our Retirement Program provides a solid foundation of retirement benefits, which includes a pension plan with company matching contribution.
3M offers many programs to help you live your best — both physically and financially. The 3M Health and Wellness program offers a variety of resources, rewards and incentives to help you live a more active and healthy life. Take advantage of our full range of opportunities — there’s something for everyone.
In addition, 3M offers the following resources and opportunities:
"At 3M, employees are encouraged to take risks and try new things, with the confidence in knowing that these are opportunities for growth and development, no matter the outcome."
Nuno Da Silva
"3M is a great place to build a long-term career. Employees are encouraged to move within the organization, lending their skill sets to new roles, while continuing to build new skills, helping to make the organization stronger."
At 3M, we do work that matters, applying our science in ways that make a positive impact on people's lives. Sustainability is at the core of our business, which means protecting natural resources and balancing economic, environmental and social factors while addressing global challenges. We are united by one goal: to improve every life.