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Building Teams That Drive Innovation
"With mission-driven cultures, an intense competition for scarce labor, and a broad range of business strategies, an executive compensation philosophy is a key element in how this industry manages talent."
-Terry Newth, Managing Director
We recognize the critical role that life science companies play in the world today. From bringing innovative medicines to market and developing new diagnostics, to delivering medical technology and devices to frontline workers and patients, these companies are pushing innovation to improve and save lives. Our compensation consulting services and forthright advice help the boards and senior leaders in these companies elicit the very best from their talent pool and build world-class management teams.
Our Approach to Executive Compensation in Life Sciences
We understand that there are many distinct sectors within the industry and that each organization is at a different place in its journey.
Whether your company is focused on a new therapeutic or equipment that allows a hospital unit to run more efficiently, our consultants are experienced in understanding the nuance of individual businesses and their long-term strategy. We translate that knowledge into executive compensation programs that produce desired results.
Similarly, we understand the needs of a Series B start-up differ greatly from those in a company that is ready to commercialize its product. We work with you at all points in the life cycle to customize your pay programs for your specific near- and long-term goals.
How We Design Executive Compensation Programs
Collaboration and Results
We believe in a partnership approach when advising clients.
Building trust and facilitating open and productive communication between management, the board, and your Pearl Meyer team is the key to achieving success.
We help construct a shared, proactive, and goal-oriented vision for your organization's compensation programs—always with the aim to produce results, not surprises.
Contact us at lifesciences@pearlmeyer.com to hear more about how we might help your organization achieve a competitive advantage.
Compensation Services and Capabilities
Strategic Alignment
- Pay strategy and philosophy
- Incentive plan design
- Leadership development
- Succession planning
- Compensation communication
- Sophisticated Analytics
Sophisticated Analytics
- Pay benchmarking
- Pay and performance analytics
- Incentive goal-setting
- Marketplace trends
- Equity plan reviews
Compliance Confidence
- Compensation disclosures (SEC)
- Regulatory/legislative updates
- Policy development/reviews
- Contracts/severence arrangements
- Proxy advisory firm policies/views
Tailored Solutions
We combine properly aligned business and leadership strategies, analytics, compliance frameworks, and our consultants' innovative problem-solving. The result is a compensation program design that is tailored to your unique circumstances and helps transform executive pay from a cost of doing business into a competitive advantage.
Ask the Expert
Ask the Expert
Terry Newth
Terry is a managing director in Boston and head of the firm's Life Sciences practice. He says, "Each client business is so unique, yet they are all pushing the boundaries of science every day. It's our job to bring a fresh and creative approach to their compensation programs—one that's informed by data and best practices, but engineered to their specific goals and long-term vision."
