Digg It - Business

Using contractors for your IT needs can be a good idea as it allows you to concentrate your company’s resources on your business. You also don’t have to administer holid

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

ay and sick pay and collect tax for contractors, and employing a person as a contractor can be up to 30% cheaper than taking them on as a full-time employee.

But if you

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

re going down this route you need to understand exactly what a contractor is. Contractors are engaged to perform specific tasks or to produce certain results, and are us

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ually paid on the completion of the tasks that they’ve been engaged for. They usually

• Run their own businesses.
• Provide their own equipment or work from their

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

own base of operations.
• Determine for themselves how their duties are performed.
• Are able to subcontract work.

However you need to be careful in employing

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

contractors. Sometimes the law regards them as actual employees. For example, the High Court of Australia said that bike couriers were employees, despite the existence o

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

f a contract saying they were independent contractors. The court said that because the employer provided uniforms and had control over their movements, they were actuall

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

employees. In contrast, the NSW Supreme Court held that a car courier was in fact a contractor because he had provided his own car, which was considered to be a signifi

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ant investment in the ownership of the tools of the trade.

The majority of contractors are supplied by specialist vendors or temporary staff agencies. They have experie

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

nce in the drawing up of contracts and can manage administration such as induction, timesheets, agreed timelines for completing projects, compliance with EEO, privacy an

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

OH & S policies, and security clearances.

A senior person should liaise regularly with the vendor on the performance of the contractors and the progress of the project

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

. They should have a good understanding of the contracts, so that they will know how a contractor can be terminated for unsatisfactory performance. Fostering a free flow

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

of two-way communication is the best way to build a positive relationship with the vendor.

You need to get the right contract for the job, so you should take an active

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

role in the writing of the contract. Remember it is a legally biding document. It’s vital that the contract clearly defines the responsibilities of the vendor, the contr

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ctor and the client, and that nothing is left open to interpretation. The contract should cover the length of contract, performance expectations and appraisals, terms an

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

d conditions, confidentially agreements, pay rates, adherence to company policies and procedures, and insurance and taxation responsibilities to termination procedures.

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

Of course if you contract someone privately you will need to liaise very closely with them, but it may work out cheaper than through a vendor. On the other hand, it may

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

esult in more administrative work for HR.

As a manager of contractors you have various legal issues to consider. These include complying with relevant state and federal

.

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

laws in relation to OH & S, workers compensation, public liability insurance, and equal opportunity laws. For example, you will need to know what action to take if a co

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

tractor sexually harasses one of your employees, or vice versa. If unsure, you should always seek legal advice.

Gregory Fitzgerald
http://www.getsomebodynow.com.au

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.diggit.org.ua/article/22576/diggit-HR-Issues-for-Managing-Contractors.html">HR Issues for Managing Contractors</a>

BB link (for phorums):
[url=http://www.diggit.org.ua/article/22576/diggit-HR-Issues-for-Managing-Contractors.html]HR Issues for Managing Contractors[/url]

If you are working to web brand your ecommerce site there may be help that would benefit your website that may be a cost effective means of developing solid business online. Web branding is the skill of taking your product or service and finding ways to provide an emotional connection with the consumer. However, web branding may actually serve a dual purpose.

If you've received poor response from Monster and the other online job sites, then check out this little secret.

By utilizing the following six steps your company can start to flourish too by maximizing your profit margins and not succumbing to the temptation of useless and many times dooming price cuts...

Tags

Links

Digg It - HR Issues for Managing Contractors

Related Articles: