The study found that 82% of life sciences organisations are offering personalized benefits packages, including student loan assistance, wellness incentives, and caregiving support. This sector is pioneering non-monetary rewards as a key retention tool.
Which Business sectors are leading in innovative compensation models, and what can others learn from them?
NS According to Pay2PerQ’s 2024-2025 study on Total Rewards and Compensation Trends, technology, fintech, life sciences, and high-growth startups are leading the way in innovative compensation models. These industries are leveraging data-driven, performance-linked, and employee-centric reward structures to attract and retain top talent in an evolving job market.
- Tech & SaaS : Our study highlights that 74% of tech firms have moved towards skill-based pay rather than tenure-based compensation. With AI-driven job roles emerging, companies incentivize upskilling and reskilling through learning-based bonuses and dynamic pay bands that adjust as employees gain expertise.
- Fintech & BFSI : Nearly 68% of fintech companies have implemented variable pay models, integrating long-term incentives (LTI) like RSUs and stock options with short-term incentives (STI) linked to...
