Pay Well, Old Culture, Poor Leadership - Manager 3M Employee Review

1.0
Apr 17, 2019
Recommend
CEO approval
Business Outlook

Pros

Overall, they do pay well with good benefits. The overall base pay is strong, they match 401(k) at varying percentages based on level, offer an employee stock purchase program with a 15% discount and have the standard yearly pay increases

Cons

The company is clearly focused on and centered around B2B. They do not understand consumer driven businesses and do not adopt their business models and practices accordingly. If you come from a consumer based company, you will be very disappointed. Marketing budgets are consistently the first area to be cut and the company spends at approximately 1/3 of what other traditional CPG companies spend on marketing. They very much adopt the mindset of 'if you build a better mousetrap'. The company freely moves people in to roles where they have no experience or expertise. While I can appreciate the willingness to allow people to move freely within the company, they assign people to roles based on tenure, not experience or expertise. People with supply chain backgrounds run marketing, customer service backgrounds run sales departments and operations experts work in finance. Without a doubt, the core of this company is built around technical (R&D) and operations. They do not understand nor care about marketing, strategy or sales. While the company claims to be focused on 'growth', all internal indications and behaviors clearly demonstrate they are focused on their historical nature of being a 'dividend' company. The company as a whole is terrible at prioritizing: every project, tactic and strategy is a priority. If you ask what is priority, the most common response will be 'all of them'. This lack of decisions making is consistent up and down leadership levels throughout the company. Very little, if any, decision making and prioritization is driven down in to the organization and employees are not empowered nor entrusted to make key decisions. Because of the historical pension program, the motivation is low among more tenured employees. Many are due to retire in the near future, with those that are near retirement uninterested in new ideas, business strategies or breakthrough innovation. The overall goal is to get to retirement without any significant change. Those with longer tenures do not value outside experience. Their is an unspoken understanding that those with outside experience are known for having 'A3' and 'B3' experience (i.e A.D. and B.C.). Only experience gained with 3M tends to be valued by other 3M'ers who have been with the company for most of their careers. The overall culture focuses on 'checking the box' and 'falling in line with your boss'. While titles appear to show a flat organization, make no mistake, decision making is very much hierarchical. The company needs a complete cultural reset to have a strong chance of succeeding in the future.

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3M Response
7y
Hello, We are so sorry to hear that you feel your experience working with 3M has not been as positive as you’d like it to be. We strive to have a very inclusive culture that is appreciative of the new ideas offered by new employees, and want leadership to be helpful, experienced and approachable. We recommend you reach out to your manager and HR partner to discuss your concerns you’ve listed here. We appreciate you sharing your experience with us, and hope that you can get some of these issues resolved.

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Pros

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Cons

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3.0
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Pros

Company investing in new products and higher growth markets

Cons

Over the past five years, there has been a significant decline in employee loyalty and incentive programs. Equity compensation, such as stock options and RSUs, was previously accessible to mid-level managers but is now strictly reserved for directors and above, reducing long-term incentives for a large portion of the workforce. Additionally, an increase in micromanagement and administrative red tape—particularly regarding strict scrutiny on all spending—has hindered productivity. The frequent practice of cutting budgets to meet short-term quarterly Operating Income (OI) targets is ultimately compromising our long-term revenue growth.

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