3M employee pay and compensation information

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:

    Your pay. Be rewarded for your efforts with a competitive base salary and variable incentive pay linked to company and individual performance.

    Your benefits. 3M offers unique resources and high-quality benefits. Medical, dental and vision plan options, savings and retirement 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.

Your pay

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 annual incentives, sales incentives or other incentives.

  • Annual Incentive Plan (AIP)
    The 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.
  • Management-level (and equivalent) employees are eligible to receive equity grants based on their level of responsibility and individual performance contribution.

Your benefits

Health care benefits are another important part of 3M Total Rewards. We provide comprehensive, quality benefits to you and your eligible dependents. You may elect to cover yourself, your legally married spouse or domestic partner regardless of gender, and your eligible children up to age 26. If eligible, you may participate in most of 3M’s benefit offerings beginning on your first day of employment. 

  • Medical, Dental & Vision

    The 3M medical plan offers comprehensive coverage including routine care, emergency care, mental health and substance abuse services, infertility, prescription drug, and routine vision coverage. All of 3M’s medical plans include 100% coverage for preventive medical care when received from in-network providers and have no pre-existing conditions clause. Two of the medical plan options include a Health Savings Account (HSA).

    The 3M dental plan provides comprehensive coverage, including basic services, restorative services and orthodontia through adulthood. The three dental plan options cover the same services, including 100% coverage for preventive services, but with different annual maximum amounts: $500, $1,500 or $2,500.

    The 3M vision plan provides coverage for eye exams, glasses, contacts and more.

    Premiums for the 3M medical, dental and vision plans are deducted before taxes through automatic payroll deductions.

    Effective July 1, 2022, Transparency in Coverage Rule requires that Health plans make available to the public machine-readable files with: In-network rates negotiated with providers, Allowed amounts (historical payments) to out-of-network providers and their billed charges. The attached links below are access to the files through 3M’s medical plan carriers:

    Transparency in coverage - HealthPartners

    Transparency in coverage – Blue Cross Blue Shield of Minnesota

    Transparency in coverage – Puerto Rico Triple-S

    Transparency in coverage – Hawaii HMSA

  • The HSA allows you to set aside before-tax dollars to pay for eligible health care expenses not paid for by 3M’s benefit plans.
  • The Health Care FSA allow you to set aside before-tax dollars to pay for eligible health care expenses not paid for by 3M's benefit plans. The Dependent Care FSA allow you to set aside before-tax dollars to pay for eligible dependent care expenses, (i.e. daycare, before and after school care, etc.).
  • 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 accidental death and dismemberment insurance coverage at no cost to you. Other optional life insurance coverages are offered at group rates.
  • 3M offers a variety of voluntary benefits including critical illness, accident insurance, group auto and home insurance, legal services, identity theft protection and pet insurance.
  • 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, parental leave and time off for emergencies or other miscellaneous absences.
  • The 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% discount from the average of the high and low trading price of a share of 3M stock on the first trading day of the month. Eligible employees may choose to contribute 3%-10% of their eligible compensation.
  • Our retirement program provides a solid foundation of retirement benefits, which includes a 401(k) plan with a company matching contribution and employer contributions to a Retirement Income Account. We offer financial education resources to help you plan for and manage your financial well-being at all stages of your life – both during and beyond your 3M career.

More 3M programs and resources

  • 3M offers many programs to help you live your best — both physically and financially. The 3M Healthy Living 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.

    Here’s a sampling:

    • 3M medical plan premium discount for being tobacco-free and taking steps to improve your health
    • Fitness center discounts
    • Weight management program reimbursement
    • Confidential Employee Assistance Program (EAP)
    • Tobacco cessation offerings
    • Resources to help you manage your medical care and make informed health care treatment choices
    • Stress management coaching
    • Child and adult (elder) care consultation and referral
    • Financial and legal consultation and referral services
    • Parenting resources, scholarship programs and personal growth resources

    In addition, 3M offers the following resources and opportunities:

    • Tuition reimbursement
    • Adoption assistance
    • Flexible work arrangements and programs that give employees the autonomy to customize when and where they work best 
    • Diverse career and development opportunities
    • Employee store to purchase 3M products online or at many 3M locations
    • Support for community involvement: Matching Gifts, Volunteer Match, 3Mgives (our community giving program)

Access to Benefits Resources

  • Your Benefits Rewards

    If you are a 3M employee, retiree or family member of a 3M employee, you can access your benefits information by visiting 3M’s Your Benefits Rewards site. Log-in required.

  • 3M’s Healthy Living Incentive Program

    Eligible employees may be eligible for a monthly discount off their 3M Medical Plan premium by completing certain activities. To access your account, visit My JourneyWell. Questions? Contact JourneyWell Customer Service at 877-222-2054

    Eligible employees may be eligible for a monthly discount off their 3M Medical Plan premium by completing certain activities. To access your account, visit My JourneyWell. Questions? Contact JourneyWell Customer Service at 877-222-2054

Learn how your skills might be a fit at 3M.

  • 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.