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Digg It - 5 Best Practices for Retaining Your Best Talent
Companies have a tradition of luring away top executive talent from the competition. In sports free agency has changed the entire landscape of professional athletics as teams constantly fight for talent. The talent wars are now reaching the trenches and companies are taking off the gloves and aggressively going afte
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
r top talent at all levels regardless of who they are currently employed by.
Because employees now know they are potential free agents, they are looking for the best package, not just more money. Who are the people you would hate to lose? It's time to use these five best practices for retaining your top talent so t
Because employees now know they are potential free agents, they are looking for the best package, not just more money. Who are the people you would hate to lose? It's time to use these five best practices for retaining your top talent so t
; 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
hey aren't as eager to see if the money is greener on the other side of the fence.
1. Give them a quality team
Top talent wants to work with other top talent. Most sports are set up where the worst team gets the top talent in the next draft. No longer do players willingly accept this. Some ask to be traded; others
1. Give them a quality team
Top talent wants to work with other top talent. Most sports are set up where the worst team gets the top talent in the next draft. No longer do players willingly accept this. Some ask to be traded; others
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
refuse to go to the team that wanted to draft them. John Elway was ahead of his time in this refusal. They all say they want to play on a winner.
Employees are singing the same song. The best talent wants to be part of a team awash in great talent. Why? Because they know they will be challenged to improve, they k
Employees are singing the same song. The best talent wants to be part of a team awash in great talent. Why? Because they know they will be challenged to improve, they k
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
now the coworkers understand how to pull their own weight, and they will respect those they work with.
Your top talent is looking for more top talent, and so should you be if you want to keep what you currently have.
2. Provide perks they value
The best expect to be treated that way. Top talent expects to be trea
Your top talent is looking for more top talent, and so should you be if you want to keep what you currently have.
2. Provide perks they value
The best expect to be treated that way. Top talent expects to be trea
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ted like they matter to an organization. Google is on the fast track and they know without top talent they can't stay the course. They offer their employees free car washes and oil changes in the parking lot while they are working. Other top talent organizations frequently offer exercise facilities free for use duri
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
ng working hours. They know it keeps the employees alert, fresh and demonstrates that employee health is important.
One executive in one of my audiences told me he provides a break room for his employees. In fact, he proudly offered, "It is a profit center for my company!" I challenged him to consider offering brea
One executive in one of my audiences told me he provides a break room for his employees. In fact, he proudly offered, "It is a profit center for my company!" I challenged him to consider offering brea
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
room contents for free so more profits could appear on the bottom line and not the break room line item. Take care of the people taking care of you!
When I work with Duke University and stay at their Dave Thomas business center, I know at the end of the hall is a break room filled with snacks from coffee, to grano
When I work with Duke University and stay at their Dave Thomas business center, I know at the end of the hall is a break room filled with snacks from coffee, to grano
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
la bars, to Dove bars in the freezer -- free of charge. It is not abused, or raided, but it is appreciated and almost expected. When you are the best, you expect to be treated as such.
3. Keep the job exciting
This is the biggest challenge for business leaders because it has never been as important to keeping good
3. Keep the job exciting
This is the biggest challenge for business leaders because it has never been as important to keeping good
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
talent as it is now. Not only are competitors better and making job opportunities sound fantastic, but we are becoming a society where everyone is ADD! We constantly are looking for the excitement, the adrenaline rush, or the thrill in our entertainment and our personal lives. Television programs shift the camera a
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ngle on average of every 3.4 seconds. Cruise lines now offer constant activities such as rock wall climbing. Sporting events fill breaks in the action at stadiums with music, cheerleader routines or on field entertainment. If every part of our lives are filled with this stimulation, why should work be any different?
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
Leaders need to be sharing their excitement for work. If the manager is down trodden the workforce will reflect that and the top talent will be looking for the exit door. Exciting leaders encourage excitement in others and create work environments that buzz with excitement. Top talent thrives in top working enviro
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
nments. Great sales people love the excitement of "fresh meat." Give them new client to work with, new elephant prospects to try to land, keep them in the field and out of meetings. Ask your best people, what can add excitement to their work day. They will let you know how to create a work environment that will keep
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
them.
4. Challenge them regularly
When I talk about creating challenges I am not referring to constantly giving them higher quotas, or being a manager who is very "challenging" to work with. In fact, those two ways are sure to drive off top talent.
To challenge your top talent, get them involved with problem sol
4. Challenge them regularly
When I talk about creating challenges I am not referring to constantly giving them higher quotas, or being a manager who is very "challenging" to work with. In fact, those two ways are sure to drive off top talent.
To challenge your top talent, get them involved with problem sol
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
ing. Not reaching the market share you desired? Ask them what they are seeing in the field. Not maximizing your line efficiency? Don’t ask the engineers to study it, ask your top operators how can that maximization occur? Your best people enjoy the challenge of finding answers and want the opportunity to offer ideas
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
and suggestions. When their input is used for innovations they take ownership and pride and become more linked to your organization as a result.
Another way to challenge your best talent is let them play on pet projects with pay. Top talent is usually thinking many steps ahead so why not have them doing that for y
Another way to challenge your best talent is let them play on pet projects with pay. Top talent is usually thinking many steps ahead so why not have them doing that for y
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
ou? 3M allows some of their employs to play on projects that are different from their day to day assignments. In short, PostIt Notes were a result of a pet project that became the top selling product for the company. What could your talent be doing for your organization this way?
5. Job morphing
Once upon a time p
5. Job morphing
Once upon a time p
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
eople tried to hire employees to fit a premolded job description. Today you need to be molding the job to the talent, and let your talent run free!
In front of an audience full of sales people I asked them what is the worst part of their jobs? Almost as if rehearsed in unison I hear: paperwork! Why do top sales peo
In front of an audience full of sales people I asked them what is the worst part of their jobs? Almost as if rehearsed in unison I hear: paperwork! Why do top sales peo
.
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
ple hate paperwork? Because sales people are people people and not task-oriented people and they don't like sitting in a cube. They would rather be in the field bringing down big game than sitting in the office on Friday's pushing papers. Companies are essentially benching their best talent for 20% of the week! Hire
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
paper pushers so your top talent goes out and do what they do best -- sell. Morph the job so the company and the employee get the best from their day.
Retaining top talent is critically important in these predatory times. Be sure you are doing what it takes to have them hang up on those trying to poach your people
Retaining top talent is critically important in these predatory times. Be sure you are doing what it takes to have them hang up on those trying to poach your people
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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