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Digg It - Retaining Wall: How To Keep Your Best
Now that the economy and job market have rebounded, how can you retain your best people?
That’s the challenge, according to many recent studies. At the very least, retention requires a competitive salary and great benefits. Employee involvement, recognition, advancement, development and pa
That’s the challenge, according to many recent studies. At the very least, retention requires a competitive salary and great benefits. Employee involvement, recognition, advancement, development and pa
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
y, based on performance, are just the beginning of your quest to retain your best.
As The Market Improves, Many Are Ready To Jump Ship
Two years of steady, if not spectacular job growth in direct marketing—and business in general—has emboldened more people to look around. Retention
As The Market Improves, Many Are Ready To Jump Ship
Two years of steady, if not spectacular job growth in direct marketing—and business in general—has emboldened more people to look around. Retention
; 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
s the top priority at growing direct marketing organizations that are facing stiff competition for certain talent. I’m speaking specifically of seasoned merchandise, finance, IT, marketing, and general management professionals.
A top marketing executive I know, was not looking for a new job
A top marketing executive I know, was not looking for a new job
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
when a recruiter (not this one) suggested he consider leaving his employer of 12 years to work for another company.
“I was well respected, well compensated, and my relationships with my peers and boss were very good,” the 43-year old told me. “This came up and it was too good not to explore
“I was well respected, well compensated, and my relationships with my peers and boss were very good,” the 43-year old told me. “This came up and it was too good not to explore
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
” Explore he did, and joined his new company in October.
This Is "Excedrin" Headache #1
A growing number of direct marketing job changers are seizing good opportunities in this improving labor market—creating major headaches for companies trying to retain their best people. How do
This Is "Excedrin" Headache #1
A growing number of direct marketing job changers are seizing good opportunities in this improving labor market—creating major headaches for companies trying to retain their best people. How do
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
companies hold onto them in an improving labor market?
Employee Loyalty, Retaining Customers Go Hand In Hand
Finder’s keepers? Not necessarily. Most direct marketing merchants are experts in finding and retaining customers, but many have trouble attracting and keeping top-notch tal
Employee Loyalty, Retaining Customers Go Hand In Hand
Finder’s keepers? Not necessarily. Most direct marketing merchants are experts in finding and retaining customers, but many have trouble attracting and keeping top-notch tal
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
nt. “Employee loyalty drives brand loyalty, which drives customer recognition for a company,” according to Diane Durkin, president of Portsmouth, N.H.-based The Loyalty Factor. “For a customer, the one employee they interact with is the company.”
Hold On To Your Best: Retention Tips You
Hold On To Your Best: Retention Tips You
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
Can Use
Recruiting the right people and keeping the right people matters, especially now.
A recent survey conducted by the Society for Human Resource Management (SHRM) and CareerJournal.com asked 300 managerial or executive employees what they plan to do in the rebounding job market. T
Recruiting the right people and keeping the right people matters, especially now.
A recent survey conducted by the Society for Human Resource Management (SHRM) and CareerJournal.com asked 300 managerial or executive employees what they plan to do in the rebounding job market. T
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
e survey also asked 451 HR professionals which programs or policies they use currently to help retain employees—what types of retention efforts to keep their best employees on board.
For executives, key reasons to begin searching for a new job:
·53 percent seek better compensatio
For executives, key reasons to begin searching for a new job:
·53 percent seek better compensatio
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
n and benefits.
·35 percent cited dissatisfaction with potential career development.
·32 percent said they were ready for a new experience.
For HR professionals, the most common programs employers are using to retain employees:
·62 percent provide tuition reimbursement
·35 percent cited dissatisfaction with potential career development.
·32 percent said they were ready for a new experience.
For HR professionals, the most common programs employers are using to retain employees:
·62 percent provide tuition reimbursement
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
·60 percent offer competitive vacation and holiday benefits.
·59 percent offer competitive salaries.
More Retention Tips
The three retention tips offered by HR professionals in the above survey are your key retention strategies. They're common sense and basic, but not
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
all that easy to find in organizations today. Here’s more:
Select the right people in the first place through behavior-based testing and competency screening (covered in my previous newsletter). That’s your starting point. Offer an attractive, competitive, benefits package with com
Select the right people in the first place through behavior-based testing and competency screening (covered in my previous newsletter). That’s your starting point. Offer an attractive, competitive, benefits package with com
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
onents such as life insurance, disability insurance and flexible hours.
Provide opportunities for people to share their knowledge with training sessions, presentations, mentoring others and team assignments.
Show respect for your people at all times. Listen to them sincerely;
Provide opportunities for people to share their knowledge with training sessions, presentations, mentoring others and team assignments.
Show respect for your people at all times. Listen to them sincerely;
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
use their ideas; never ridicule or shame them.
Offer performance feedback and praise good efforts and results. Your people want to enjoy their work. Make work fun. Engage and employ the special talents of each individual.
Enable your people to balance work and life. Allow
Offer performance feedback and praise good efforts and results. Your people want to enjoy their work. Make work fun. Engage and employ the special talents of each individual.
Enable your people to balance work and life. Allow
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
flexible starting times, core business hours and flexible ending times. (Yes, her son's baseball game is important.) Involve your team in decisions that affect their jobs and the overall direction of the company whenever possible.
Recognize excellent performance, and especially, link
Recognize excellent performance, and especially, link
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
pay to performance.
Base the upside of bonus potential on the success of both the employee and the company and make it limitless within your company’s parameters.
Recognize and celebrate success. Mark their passage as important goals are achieved.
Staff adequately so overtim
Recognize and celebrate success. Mark their passage as important goals are achieved.
Staff adequately so overtim
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
is minimized for those who don't want it and people don't wear themselves out.
Nurture and celebrate organization traditions. Have a costume party every Halloween. Direct marketer, Celebrate Express, supplies them. Run a food collection drive every November. Pick a monthly charit
Nurture and celebrate organization traditions. Have a costume party every Halloween. Direct marketer, Celebrate Express, supplies them. Run a food collection drive every November. Pick a monthly charit
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
y to help. Have an annual company dinner at a fancy hotel or restaurant.
Provide opportunities within the company for cross-training and career progression. L.L. Bean is known for this. People like to know that they have room for career advancement. Provide the opportunity for car
Provide opportunities within the company for cross-training and career progression. L.L. Bean is known for this. People like to know that they have room for career advancement. Provide the opportunity for car
.
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
er and personal growth through training and education, challenging assignments and more.
Communicate goals, roles and responsibilities so people know what is expected and feel like part of the in-crowd. According to research by the Gallup organization, encourage employees to have goo
Communicate goals, roles and responsibilities so people know what is expected and feel like part of the in-crowd. According to research by the Gallup organization, encourage employees to have goo
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
, even best, friends, at work.
You’ve got the list. Start making your organization one that truly honors and appreciates its people. Treat all members of your team this way, and you may never lose them. If some leave, that’s okay…they may be back. Like Red Sox boy wonder GM, Theo Epstein
You’ve got the list. Start making your organization one that truly honors and appreciates its people. Treat all members of your team this way, and you may never lose them. If some leave, that’s okay…they may be back. Like Red Sox boy wonder GM, Theo Epstein
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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