diff --git a/README.md b/README.md
index 324a178a8..6dbe6acf3 100644
--- a/README.md
+++ b/README.md
@@ -816,7 +816,7 @@ GoodJob.on_thread_error = -> (exception) { Rails.error.report(exception) }
 
 By default, GoodJob relies on ActiveJob's retry functionality.
 
-ActiveJob can be configured to retry an infinite number of times, with an exponential backoff. Using ActiveJob's `retry_on` prevents exceptions from reaching GoodJob:
+ActiveJob can be configured to retry an infinite number of times, with a polynomial backoff. Using ActiveJob's `retry_on` prevents exceptions from reaching GoodJob:
 
 ```ruby
 class ApplicationJob < ActiveJob::Base
diff --git a/lib/good_job/active_job_extensions/concurrency.rb b/lib/good_job/active_job_extensions/concurrency.rb
index a25bb42ed..0bf4342fe 100644
--- a/lib/good_job/active_job_extensions/concurrency.rb
+++ b/lib/good_job/active_job_extensions/concurrency.rb
@@ -36,10 +36,16 @@ def deserialize(job_data)
           end
         end
 
+        wait_key = if ActiveJob.gem_version >= Gem::Version.new("7.1.0")
+                     :polynomially_longer
+                   else
+                     :exponentially_longer
+                   end
+
         retry_on(
           GoodJob::ActiveJobExtensions::Concurrency::ConcurrencyExceededError,
           attempts: Float::INFINITY,
-          wait: :exponentially_longer
+          wait: wait_key
         )
 
         before_perform do |job|