Why do people go into medical school? It costs a fortune, both in time and money.
People go into medical school to help society and make a stable high-earning income. Prospective doctors have high confidence that they will do well after graduating. There’s a track record of paying them well, going back decades.
Contrast that for your work. Biotech and pharma companies keep asking people for innovative ideas. Innovative ideas, by their nature, are risky. If they weren’t difficult, everyone would have already done them. Most will fail. However, the ones that work can change everything.
Launching an innovative project costs a fortune in time and money. So what’s your team’s track record for rewarding those who take the risk, especially if they “fail?”
How might you engineer it, so there’s a history of rewarding people who try something new?
Thanks for caring!