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Digg It - How Well do Employers Really Know What Their Staff Want?
A major problem for business owners and employers today is getting the best employees and then keeping them. Sounds easy, but any employer will te 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 ll you that these activities take up the most time and have the biggest impact on business results. So how do you go about retaining the good peop ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in e once you’ve found them? Understanding what your employees want from a workplace sounds like a logical place to start. After all, if you kno lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. what your employees are after, you simply need to provide it and all will be well. This is a great theory, but research shows that employers are here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe ot that successful at identifying what their employees actually want. In fact there is a significant disconnect between the things that employees d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ay are important to them, and how highly employers rank those same things. This survey first came out in 1946 in Foreman Facts, from the Labo 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 r Relations Institute of NY and was produced again by Lawrence Lindahl in Personnel magazine, in 1949. This study has since been replicated with s 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 milar results by Ken Kovach (1980); Valerie Wilson, Achievers International (1988); Bob Nelson, Blanchard Training & Development (1991); and Shery nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically & Don Grimme, GHR Training Solutions (1997-2001). When asked to rank a list of ten criteria, the employees and managers/owners ranked them v 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 ry differently: What Employees Want What Managers Think Their Employees Want 1 Full appreciation for work done Good wages 2 ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi Feeling “part” of things Job Security 3 Sympathetic help on personal issues Promotion/growth opportunities 4 Job Security Good working c ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a onditions 5 Good wages Interesting work 6 Interesting work Personal loyalty to workers 7 Promotion/growth opportunities Tactful dis dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod ipline 8 Personal loyalty to workers Full appreciation for work done 9 Good working conditions Sympathetic help with personal issues cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin 10 Tactful discipline Feeling “part” of things What does this mean if you are an employer or a manager in business today? Freque tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen t pats on the back will go a long way towards making your employees more satisfied at work. Happily, it’s not always about the money. WHAT 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 EMPLOYEES SAY THEY WANT (in order) 1. Full appreciation for work done 2. Feeling ‘part’ of things 3. Sympathetic help on person ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust al issues 4. Job security 5. Good wages 6. Interesting work 7. Promotion/growth opportunities 8. Personal loyalty to work y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products rs 9. Good working conditions 10. Tactful discipline WHAT MANAGERS THINK EMPLOYEES WANT (in order) 1. Good wages 2 . 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 Job security 3. Promotion/growth opportunities 4. Good working conditions 5. Interesting work 6. Personal loyalty to workers< elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip r>
7. Tactful discipline 8. Full appreciation for work done 9. Sympathetic help on personal issues 10. Feeling ‘part’ of things 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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