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I being employer believe that our real assets/customers are our employees. It means, if our employees are satisfied they will automatically be loyal to the company, which ultimately leads to growth and development of the company.

Meeting the demands

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

of today’s changing environment requires building and retaining satisfied, loyal, and motivated staff. In this competitive work environment, workers are no longer inclined to stay at one position or in one company for the entire duration of their care

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

Examples of combination products may in

r. The most talented professionals are more likely to be hunted by other organizations, especially by competitors, and previous company is left with tears of turn over costs, which include recruitment, rehiring, and orientation/training cost and the t

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

rnover effect on the targets is another big issue. With the turnover ratio of 15% in higher management and 10% in middle and lower management, company can’t make succession planning because success does not depend only on financial and material resou

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

ces but on satisfied and loyal employees and good leaders.

The manager whose mood swings, determine the climate of the office on any given workday. Poor interpersonal skills, unfortunate office practices, some managers by sheer shameful force of thei

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

Combination pro

personalities make working for the employees rotten. So we can call them toxic managers. Apparently, their results may look fine but behind the screens, none is OK even if you loose one from your workforce. It is unhealthy, unhappy, and unproductive,

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

and it will eventually undo HR’s efforts to create a healthy, happy, and progressive work place.

Here the question arises that why managers are remembered as toxic. The main reason is that companies don’t rate the managers outside the productivity a

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

d business performance. The reasons are culture and the background.

Another cause for high turnover rate of any company is unsatisfactory compensation and benefits plans e.g. Base pay, performance based pay, equity based compensation and bonuses, ben

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

fits packages and different allowances and facilities like conveyance, medical, house rent etc, also the lawful benefits like gratuity and provident funds, which varies across countries. This plan of C&B depends on the HR of the company as much as 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

HR is strong, it will make and implement good policies.

Putting aside some specialized industries, I believe that there is no labor shortage in this country, if in case there is any that is of unemployed people; however, there are millions of qualifi

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

d people in labor market. Hiring the people from open market is not a big issue but hiring and retaining competent work force is the biggest concern. Now the question arises, how to retain them? How to reduce the turnover costs? What policies make the

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

Following aspects would a

employees happy and satisfied?

The key to retain employees is that one must start before the first day of the job, when a worker looks for a place to hang a jacket, or refrigerator to keep his lunch fresh. As the first impression is the last impress

dd to the challenges in developing combination products:

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

on. This is the work environment a good worker look into.

Company should identify the bad apples (toxic managers and workers who are responsible for dissatisfaction of other employees). HR should take care of these bad apples and should recreate thes

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

into detox. Because we do not need dictators, we need good leaders, who could inspire the employees and can motivate the staff even under the hard circumstance and work conditions. We need managers who could manage things instead of complaining and d

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

motivating the staff so by finding good leaders and managers; we can prevent future problems, which can also reduce turnover ratio.

If you cannot offer with good salaries than at least keep your compensation packages competitive to the market. If, c

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

mparatively you are paying a little lesser, compensate them by other sources, as money is not every thing for every body, may be some employees are interested in big increments and salaries, but for most, it has no attraction. The good working conditi

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

Professional from academic institutions, pharmaceutical industries, health care indust

ons, environment, good communication, leader subordinate relationship, caring management, employee relationship and career development through training and development and career management plan, all are very important factors to motivate and retain e

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

ployees.

The awareness also plays an important role in employee’s management. First of all employees should be well aware of the goals, which are given to them and of course regarding rewards and benefits expected after completion. They should have a

.

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

vision and a mission before them. All managers should be communicated about the turnover cost on priority bases. Managers should also be held accountable for employee’s turnover and the cost involved. These costs should be a part of every department’s

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

Companies that provide selfless information through particip

profit and loss statement, and should be made integral aspect of each department’s budget. Today employee retention is a big issue, and can only be handled successfully by team effort along with a strong communication network, and feed back mechanism

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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Banners are one of the best means for propagating and marketing that has been newly launched in the business market. The design, message and the area of installation of banners should be such that your message reaches to the target audience clearly.

Many people say; It is All About Money when it comes to big corporations. Well yes, that is their job to make money and yet if you look around today you will might take a look and see that every thing you see everywhere you go was brought or built by a corporation. You cannot have it both ways. These people say that the corporations only care about shareholders equity and quarterly profits and cannot therefore focus on customer needs?

Using automatic employee tracking devices is not just because technology promotes laziness in men. On the other hand, the corporate world needs to use employee time clocks or time clock software to keep employee tracking an easier job. Thus, companies can be more efficient and productive.

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Digg It - The Challenge Of Retention

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