3M India Ltd.

Introduction to the company:

3M India Ltd is 3M Firm's flagship listed company in India. 3M Company, USA, is a

diversified technology and scientific company with a global presence in the Industrial, Health
Care, Consumer, Safety and Graphics, and Energy areas, and is a leading maker of goods
for many of the sectors it supplies. Much of its products need technological, product
development, manufacturing, and marketing competence, and they compete with products
made and sold by other technology-oriented businesses.

3M India has manufacturing plants in Ahmedabad, Bengaluru, and Pune, as well as a

corporate office and a research and development centre in Bengaluru. Industry, Health Care,
Consumer, Safety and Graphics, and Energy are the five (5) operation business segments
that the company controls. The company's five business sectors bring together 3M
technologies that are common or linked, facilitating the creation of innovative products and
services and allowing for effective resource sharing. 3M goods are sold through a range of
distribution channels, including direct to users as well as wholesalers, retailers, converters,
distributors, and dealers in a variety of trades in a variety of countries across the world.
(Capital Market, 2017)

HR Metrics and Analytics in 3M:

Under the visionary leadership of 3M’s Senior Vice president of Human Resources, Marlene
McGrath the functions of HR in 3M has stood out to be a leader in a number of areas,
demonstrating how HR is not only keeping up with the change of work, but also setting new
benchmarks in terms of delivering competitive advantage through effective talent practises.
3M is ahead of the curve in a number of crucial areas, including determining when to use
employee’s vs non-traditional talent sources (contingent, freelancing, and other
nonemployees), redefining talent management systems, and recognising the impact of
change on HR. HR Metrics has been playing a vital role in providing for the effectiveness of
these processes. (Morrison, 2015)

 Recruitment:
- Time to Hire: The average number of days between when a position is posted and
when an applicant accepts your offer.
 - Acceptance Rate: The number of offer letters sent out by your company divided
by the number of candidates who accept it.
- Cost per Hire: This metric is to calculate the average cost of acquiring a new
employee. This figure is calculated by summing both internal and external hiring
costs, then dividing the total by the number of people hired in a specific time
period.
- Time to Productivity: The time it takes for new employees to adjust to their new
workplace and begin functioning at full capacity.

References
(2017). Retrieved from Capital Market:
https://www.capitalmarket.com/Company-Information/Information/About-Company/3M-
India-Ltd/2096

Morrison, C. (2015, December 9). Three ways HR at 3M is leading the way. Retrieved from i4CP:
https://www.i4cp.com/productivity-blog/2015/12/09/three-ways-hr-at-3m-is-leading-the-
way