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Summary - How Do You Want To Be Rewarded On The Job? Be In The Drivers Seat
Gone are the days when a pat on the back for a job well done or a gold watch after 25 years of service were enough to keep employees happy , productive and in the end profi
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
table.
Different employees need to be rewarded in different ways. You may wish to rewarded in different ways at different times of your life and career.
For example if yo
Different employees need to be rewarded in different ways. You may wish to rewarded in different ways at different times of your life and career.
For example if yo
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
are a person who is newly married and saving for a home the best reward for you may be an increase in pay.
However several years later with a young family you may feel t
However several years later with a young family you may feel t
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
at the best reward is time off or a 3 day weekend in the summer to better spend precious time with your family.
Good managers and supervisors are flexible in their reward t
Good managers and supervisors are flexible in their reward t
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ctics. Employee recognition and reward programs are often now be seen as an investment rather than an expense.
Traditionally recognizing superior job performance beyond th
Traditionally recognizing superior job performance beyond th
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
old fashioned compliment and occasional bonuses has previously not been a priority or concern in most Human Resource (HR) departments,
And to make matters worse often bonu
And to make matters worse often bonu
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
or reward programs were changed in midstream.
This changing of the rules was often done arbitrarily on the whim of “management privilege” causing frustration on the part o
This changing of the rules was often done arbitrarily on the whim of “management privilege” causing frustration on the part o
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
f employees and often great resentment. As a result morale suffered often in the most productive employees on staff. It is often said that 85% of the results in any org
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
nization and certainly the role models of new employees come from the top 15 % of staff.
You should be aware of a major trend that is brewing in the workforce.
Masses of t
You should be aware of a major trend that is brewing in the workforce.
Masses of t
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
e most senior, experienced employees that were born during the “Baby Boom” are getting ready for their retirement and thus exiting the work force.
As a result many job seek
As a result many job seek
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
rs and employees are becoming increasingly sophisticated in their employment expectations,
What can you ask for from your management superiors and as well look for in their
What can you ask for from your management superiors and as well look for in their
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
hiring process?
Employment recognition , awards and remuneration come in many varied forms – from simple salary increases , bonus structures , physical rewards of course s
Employment recognition , awards and remuneration come in many varied forms – from simple salary increases , bonus structures , physical rewards of course s
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ch as shiny plaques and art work ,
Employees can be rewarded in “point to point reward programs for high end merchandise, memberships in elite clubs and health clubs can al
Employees can be rewarded in “point to point reward programs for high end merchandise, memberships in elite clubs and health clubs can al
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
o be a form of remuneration to look for.
As well you could be rewarded as an employee by expensive dinners, sports tickets, vacations and of course physical cash bonuses.
As well you could be rewarded as an employee by expensive dinners, sports tickets, vacations and of course physical cash bonuses.
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
However be aware of awards that are “not rewards “well at least to you.
The interviewer or manager may speak strongly of a “trip “to some exotic location such as Hawaii or
The interviewer or manager may speak strongly of a “trip “to some exotic location such as Hawaii or
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
iji. However once there it turns out that this trip is actually a “Moonie company indoctrination “session where you are held captive in an isolated resort compound: You wi
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
l be lucky if you see the light of day outside of the “ meeting” and in the evening slave over so called vital “reports” and assignments .. So much for the “trip’ being a r
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ward.
In the end as in life the simple things are really what to look for in the hiring and employee recognition process.
Either some form of effective increased salary –
In the end as in life the simple things are really what to look for in the hiring and employee recognition process.
Either some form of effective increased salary –
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
e it a simple salary or bonus structure , increased time off – vacations , 3 day weekends, shorter day periods or a benefit that you would otherwise have to pay out of your
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ocket – for example a company car , lunch allowance or a paid health care plan are best.
At the worst as your grandmother may have told you “When in doubt ask for cash “
At the worst as your grandmother may have told you “When in doubt ask for cash “
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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