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There is no question that employee turnover has a significant impact on the financial performance of an organization. It is estimated that, on average, a compa

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

ny will spend up to one-third of a new employee’s salary to replace a departing employee. There are experts who believe the costs for membership-based business

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

Examples of combination products may in

s could even be higher. In the fitness industry, employee turnover has a recognizable impact on a member’s decision to renew or discontinue a membership.

Here

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

are ten things employers can do to retain quality employees:

? Provide employees with a clear set of standards before the employee sets foot on the floor. Do

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 make an employee “guess” or speculate about what you expect them to do. This wastes valuable time and increases their frustration level.

? Provide a compr

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

Combination pro

hensive on-the-job training program. Take the time to train the employee on each aspect of your business. It may take time, but this investment will elevate t

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

e employee’s comfort level and provide you with a well cross-trained employee.

? Provide employees with a genuine role model. As a manager/business owner, 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

have a responsibility to set the tone and expectation for your organization. If you want your employees to follow it, make sure you are not just paying lip se

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

vice.

? Provide opportunities for professional development. Consider sending employees to training seminars or providing them with other types of educational

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

ncentives. This provides for individual growth and brings added benefit to the organization.

? Provide ongoing feedback. Do not wait until review time to pra

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

se an employee or to point out potential areas of concern.

? Provide employees with appropriate forums to express their ideas and to voice their concerns. Con

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

Following aspects would a

ider setting aside a portion of your staff meetings to brainstorm new ideas or to address concerns. Make sure the forums are non-threatening and conducive to c

dd to the challenges in developing combination products:

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

nstructive discussion.

? Provide recognition and reward. If an employee is doing a great job, let them know it! Reward it. The reward does not have to be mo

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

etary. Consider providing small tokens of appreciation such as cards, flowers, certificates of accomplishments, gift certificates, tickets to movies, concerts,

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

or sporting events. It’s the little things that tell an employee you recognize and appreciate their efforts.

? Provide employees with an organizational cult

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

re that is open, trusting, and fun. Celebrate your successes and milestones with the people who helped make them happen. Let them know they are an integral p

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

Professional from academic institutions, pharmaceutical industries, health care indust

rt of the team.

? Provide open lines of communication. Whether your organization is doing well or experiencing growing pains, keep your staff in the loop. By

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

keeping your staff informed, you are communicating to them that they are a valuable part of the team. In return, most employees will go the extra mile for you.

.

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

? Provide your employees with respect. Show your employees that you care about them, not only as workers, but as people. Practice the golden rule: do onto o

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

Companies that provide selfless information through particip

hers as you would have others do onto you.

If you follow these simple ideas you will start to see an improvement in employee moral, productivity, and retention

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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