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Overview of 3M The 3M Has Been Founded On 1902 and Stands For Minnesota Mining
Overview of 3M The 3M Has Been Founded On 1902 and Stands For Minnesota Mining
Overview of 3M The 3M Has Been Founded On 1902 and Stands For Minnesota Mining
The 3M has been founded on 1902 and stands for Minnesota Mining
and Manufacturing. Until then, the company has become one of the leading
company is very well known for its being innovative and their ability to launch
technologies which is growing faster than the economies that they serve.
positive results. Aside from the ability of the company to innovate, the
innovative products that would meet and satisfy their demands and their
can be said that leaders of 3M has been able to initiate human resource
vital and essential task in the organisation in order to make the employees be
a valuable asset. HRD has a key role to play in leveraging the knowledge of
the organisation specifically the enhancement of the abilities and skill of the
3M finds out people who personify creativity who hold wider interests
employee who promote a strong working ethics. It can be noted that
because of 3M leaders like William McKnight, the company has been able to
workplace organizations have become more aware that human resources are
able to retain the best and the most manageable people that they have.
(Holloway, 1998).
Rewards and Compensation
employee. Their pay structures follow policies and regulations which govern
compensation in the specific country that they operate. For instance, it United
provide pay along with profit sharing, annual or sales incentives and limited
prescription, vision and dental coverage which is paid with pre-tax dollars with
benefits including 3M pension plan and a 401 (k) plan and the chance to
purchase 3M stock at 85% of its fair market value via the General Employees
In terms of rewards and recognition, hard and extra effort are duly
many departmental and divisional areas o 3M and staff units are also
conducting their own specific recognition and rewarding system. Across 3M,
human resource management can select from various monetary and non-
monetary awards to show their appreciation for exceptional employees.
development among individual employees, there are also other reasons why
3M has been chosen by different employees. One of these is the ability of the
respected and the employees are being empowered to say their opinions. In
addition, the employee of 3M has also great chances of being free to work in
In this regard, the employees are given the chance to be equally developed to
In line with recruitment and selection process, the company has been
resource management. In this regard, 3M select and recruit the most efficient
and qualified employees for the positions. 3M’s recruitment process is guided
by the context of equal treatment, which allows them to have a fair and just
Conclusion
It can be said that 3M has been able to use an efficient and effective
technology with their target market. In addition, the company has been able to
advantage.