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.
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.
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 plan options, savings 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 recognised 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)
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.
3M offers many programs to help you live your best — both physically and financially. The 3M Lifestyle Benefits Australia offers a variety of resources, rewards and incentives to help you live a more active and healthy life. There’s a full range of opportunities — something for everyone.
Here are some of the extensive range of benefits you can enjoy through 3M lifestyle:
> Instant Vouchers to some of your favourite everyday retailers Woolworths, Big W and Dan Murphy’s, Coles, Boating Camping Fishing (BCF), Dymocks, Freedom, Supercheap Auto, Rebel Sport and more...
> 10% of pre-purchased David Jones Instant Vouchers and 6% at Myer
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>Big savings on electrical goods, white goods and household items
>Dining discounted values