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Pay & Benefits
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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.
  • 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, 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 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.

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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
    Paid Parental Leave (in addition to any legislative entitlement) 3M will provide of up to 12 weeks (60 days) of paid parental for the ‘primary care giver’ of a new born or an adopted child, who has at least six months of continuance service with 3M ANZ.
    Partner’s Leave of up to 10 days of paid leave.
    Extended Parental Leave is unpaid and available for employees with 12 months’ eligible service with 3M ANZ for up to 52 continuous weeks, less any other leave taken under this Policy or Annual Leave.
  • Life Insurance (via Sovereign Insurance).
    > No sign up process - Automatic enrolment
    > Annual certificates are issued around April each year
    > Calculation is Age 65 less current Age x 10% of income.
    > Available for all permanent employees
    Income Insurance (via Sovereign Insurance)
    > No sign up process – Automatic enrolment
    > Annual certificates are issued around April each year
    > This benefit provides for 50% of salary after a stand down period of 26 weeks.
    > Available for all permanent employees
  • 3M has chosen to partner with UniMed Health Insurance
    > Subsidy for Spouse/Partner and dependant children under 18 years of age
    > Cover is either UniCare Plus 80 or MedicalCARE Base Plan
    > Participation in the scheme is for all permanent Full-Time employees
  • Life Insurance (via Sovereign Insurance).
    > No sign up process - Automatic enrolment
    > Annual certificates are issued around April each year
    > Calculation is Age 65 less current Age x 10% of income.
    > Available for all permanent employees
  • 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.

Benefits

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.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.

Your Pay

  • 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.

    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.


Your Benefits

  • 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.


Other 3M Programs and Resources

  • 3M offers many programs to help you live your best — both physically and financially. Our New Zealand based employees and family members can access benefits through the Assistance Group Program.

    Some examples of the benefits that you can enjoy through the Assistance Group Program include:
    >Save 15% at over 350 Restaurants, cafes, bars and eateries throughout NZ.
    >Save 10% at over 80 leading brands throughout NZ at some 800 outlets including Noel Leeming, The Warehouse, Walker & Hall, Life Pharmacy, Lush, Liquor land, and more.
    >Free Tax advice and Free Legal advice on any taxation or legal matters within NZ and much more


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.
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