3M employee pay and compensation information

Pay & Benefits

Your 3M compensation is a part of your 3M Total Rewards, designed to recognize the meaningful contributions you make to business results. To ensure competitive pay, 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 an Annual Incentive Plan (AIP), 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. The more you contribute to 3M’s success, the more success you create for yourself.

Beyond pay, medical and dental plan options, savings and retirement plans, a 3M employee stock purchase plan and many other resources will help you enhance your mental, physical and financial well-being.
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.

3M also offers unique resources and high-quality benefits to help you live your best. Medical and dental plan options, savings and retirement plans, a 3M employee stock purchase plan and many other resources will help you enhance your mental, physical and financial well-being.

Parental Leave
Our parental leave policy helps employees be their best selves at home and at work. Mothers and fathers of newborn or newly adopted children are entitled to up to 20 weeks (10 weeks paid and 10 weeks unpaid) of parental leave.
Disability Benefits
3M provides disability coverage in case you become ill or are injured and unable to work.
Health Care Benefits
Health care benefits are another important part of your 3M Total Rewards. We provide comprehensive, quality benefits to you and your eligible dependents. You are eligible to participate in most of 3M’s benefit offerings beginning on your first day of employment.
Life Insurance
To help protect your financial security, 3M also offers a variety of life and accident insurance options for you and your eligible dependents.
Personal Savings
Through our General Employees Stock Purchase Plan, you can contribute three percent to 10 percent of your eligible compensation to purchase 3M stock on a monthly basis with a 15 percent discount from its current market value.
Retirement Program
3M’s Retirement Program, called the 3M Voluntary Investment Plan (VIP), provides a solid group of benefit options and easy, tax-free ways to save and invest for your retirement.
Relocation Benefits
3M encourages employees to develop through diverse and challenging career opportunities. Relocation often is part of an employee’s career development. 3M’s mobility programs and policies provide the services, tools and resources needed to help you make a smooth transition.