Digg It - Business

Managers are often confronted with high employee attrition. For most managers the easiest solution when a valuable em

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

ployee resigns his job is to offer more benefits in terms of money and perquisites. But rarely does it work. Exit in

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

Examples of combination products may in

erviews often point out low moral due to infrequent appreciation and recognition of the contribution of the employee l

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

ading to de-motivation and disenchantment with the job.

Improving employee motivation and morale is the easiest metho

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

of improving organizational productivity and cut down employee turnovers. Replacing good employee could be expensive

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

Combination pro

in terms of recruitment costs and time.

Research has conclusively established that the major reason for attrition in

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

an organization is not money. It is more a matter of lack of recognition and rewards. You may be able to reduce attr

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

tion considerably if managers are trained to recognize and reward good performance. In fact every opportunity must be

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

used to appreciate the work of the employees. Easier said than done, it takes a dedication and commitment towards the

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

employees.

Here is a list of the ways one can motivate employees

Find every opportunity to appreciate good work<

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

b>

Recognize contributions in public forums and employee get together or meetings

Offer opportunities to l

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

Following aspects would a

arn, improve skills and knowledge through training

Create scope for sharing success through with others throug

dd to the challenges in developing combination products:

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

narrating best practices adopted

Token gifts and invitation to a Dinner with family

Offer opportuniti

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

es for rest and relaxation on attaining goals and good performances

Feature in house journals. If house journ

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

ls are not available make sure to write out a appreciation and put on notice boards and circulate to all members of th

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

organization

It only takes imagination to create a list as long as you want. Plan and create the list for frequ

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

Professional from academic institutions, pharmaceutical industries, health care indust

nt use.

Employee motivation is a complex subject and generally a neglected area. Whatever recognition and rewards ar

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

e conferred are very mechanical and lacks warmth and spontaneity.

It is easier to theorize than practice employee mot

.

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

vation programs. It would not be a bad idea to train your managers extensively on this area. The rewards for the org

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

Companies that provide selfless information through particip

nization could be less employee turnovers, high levels of motivation, increased productivity, commitment and team work

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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Digg It - Employee Motivation through Recognition

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