In the highly competitive life sciences sector, attracting and retaining top-tier talent requires a sophisticated understanding of what truly motivates professionals. While a competitive salary remains a fundamental expectation, it is increasingly becoming just one piece of a much larger puzzle. Our latest Life Sciences & Medical Devices report reveals that the modern life sciences professional is driven by a complex interplay of financial, developmental, and personal factors.
The key motivators shaping career decisions today include:
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meaningful career progression:
Professionals are no longer satisfied with a linear career path. They are actively seeking opportunities for both vertical and lateral growth, including the chance to acquire new skills and gain interdisciplinary experience. Companies offering "career lattices" that allow for movement across functions are proving more attractive to ambitious talent.
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flexibility and work-life balance:
The pandemic fundamentally shifted workplace expectations. A lack of remote or flexible work options has become a significant driver of resignations. For many, the ability to balance professional responsibilities with personal life is now a non-negotiable aspect of any job offer.
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compensation and financial wellbeing:
While not the only factor, fair and competitive compensation is crucial. Stagnant salary progression is a common trigger for employees to seek external opportunities. Transparency around pay and clear pathways to future earning potential are key to retention.
"To attract and retain top talent, companies need to offer more than just a competitive salary. They need to create a positive work environment that supports career growth and work-life balance - offering flexible arrangements and meaningful professional development opportunities. This holistic approach is what truly resonates with today’s life sciences professionals."
- Stephanie Iverson, Principal Consultant in Life Sciences, Medical Devices & Pharmaceutical
By understanding and strategically addressing these core motivators, companies can craft a compelling and holistic employee value proposition that not only attracts the best talent but also fosters loyalty and engagement for years to come.
Get the complete picture on talent motivators and retention strategies. Download the full 2025 Life Sciences & Medical Devices report now.