Digg It - Business

According to a Gallup Poll, 80 percent of employees said the availability of company-sponsored training programs was a factor in deciding whether to accept a new job or stick with a current one. And yet the Bureau of Labor Statistics says that the average number of hours of formal training per employee per year is only 10.7.

More companies are starti

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

ng to realize that it's smart to invest in training, but faced with so many choices, how can an organization make sure it's getting the most out of its educational investment?

What do you need?

Training can take several forms, from simply encouraging subscriptions to key trade magazines to reimbursing tuition for degree programs. Before you decide w

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

Examples of combination products may in

ere to put your training dollars, it's vital to do a full needs assessment. This might involve polling general employees one-by-one during evaluations or en masse via e-mail polls. It could even mean asking customers where they'd like to see your company improve in areas such as customer care, product innovation, communications technology or billing.

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

Another piece of needs assessment weighs training outcomes against big-picture strategies and operational requirements. It's relatively simple to evaluate individual progress, but if the company as a whole doesn't gain a competitive edge by saving money, processing information faster, serving customers better, decreasing harassment complaints - or wh

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

tever the goal is - then another training method should be considered.

Which Type of Training?

After the needs assessment, you then need to analyze which type of training is best for your company. Below are the most common training formats and the pros and cons of each.

Online Training

There are literally thousands of online options available; som

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

Combination pro

involve weekly e-mail correspondence with a teacher, while some are automated, set-your-own-pace programs.

Pros:

Access to world-class instructors and institutions, without travel costs.
Flexible scheduling for participation at home or during lunch hours.
Generally less expensive than traditional classroom courses.

Cons:

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

Requires self-imposed discipline and focus.
Little social interaction with other students and teachers.
Assumes some level of technical competence.

Onsite Training by Consultant

If many people in the company need to be trained at once or if training is for onsite computers or equipment, then bringing a trainer to the off

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

ce may make the most sense economically. This method also works well for personalized subjects, such as supervisory skills, fair hiring practices or anti-harassment.

Pros:

Travel time and costs for employees are negligible.
Curriculum can be customized for company's specific needs.
Equipment or computers they're learning on are t

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

he same they'll be working on, so there's no time wasted on irrelevant information.

Third-party trainer brings teaching expertise and a non-biased approach to the classroom.

Cons:

People may find it hard to stay away from their offices to attend classes for the time required, which defeats the purpose of training.
Consulta

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

ts may not be familiar with your company's equipment or computers, or you may not have adequate facilities for lectures or interactive education.

Expense for high-quality instructors is relatively high.

Onsite Training by Company's Own Management

Many companies send a few employees to training, then they rely on those people to come back

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

and spread the knowledge to the team. Or, they create their own courses and enlist employees to impart their wisdom on colleagues.

Pros:

Less costly to send just one or two people to training.
Encourages employees to educate others about their expertise, often resulting in greater awareness and communication among departments.
Al

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

Following aspects would a

lows facetime and open discussion among colleagues.

Cons:

Teaching abilities vary greatly; there's a high risk that some instructors will not communicate information well.
Planning and teaching take away time from core responsibilities, which may hinder overall productivity.
Employees may feel inhibited to ask questions or

dd to the challenges in developing combination products:

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

challenge information.

Offsite Classes at Training Center or Community College

Nearly every metropolitan area has a community college that offers adult or continuing education classes. Some cities also have learning centers that offer courses taught by successful entrepreneurs or industry gurus.

Pros:

Standard agendas every semest

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

er ensure some continuity in the information learned.

Courses are taught by professionals with industry experience and teaching ability.

A mixture of on- and off-line classes is often available.

Cons:

Courses may span several weeks, too long to hold some employees' attention.
Unless prerequisites are required, student

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

at any level may participate, forcing the teacher to pace the class for the lowest-common denominator.

One-off Seminars

For specific or motivational topics, employees can attend one-shot "celebrity" seminars, given by professional speakers or executives. Several non-profit and professional organizations also hold development courses, designe

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

for busy people who need fine-tuning in one area.

Pros:

Easy to evaluate the quality of the presenters based on testimonials and past reviews.
Poses an opportunity to network with industry colleagues.
Introduces outside-the-company-box ways to approach challenges.

Cons:

Some seminars are mainly venues for auth

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

Professional from academic institutions, pharmaceutical industries, health care indust

ors/speakers to sell books and other products.

One-time events encourage new thinking, but unless employees act on their ideas immediately, there may be no long-term behavioral change.

Degree Programs

For employees who want to get to the next level or change their career focus, offering to cover all or some credits towards a degree ensur

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

s that they stay at their jobs as they increase knowledge and enhance skills. Many companies require that employees stay with the company or repay some of the tuition money if they decide to leave after receiving the degree.

Pros:

Encourages employees to continue their core education and contribute more to the company's general knowledge b

.

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

ase.

Attracts motivated, dedicated employees who want to learn.

Prompts employees to work towards their dream jobs, fostering a happier and more productive workforce.

Cons:

Programs can be intense and may exhaust employees to a point that detracts from their on-the-job performance.

Regardless of the type of trainin

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

Companies that provide selfless information through particip

that you decide to offer, it's important to gather constant feedback, to make sure you're always spending your money and time wisely. Perhaps you'll find that you need to offer more than one type, so employees with different learning styles can get the most out of the training. And don't forget to sign yourself up-employees at every level can benefit

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.diggit.org.ua/article/24523/diggit-Choosing-the-Right-Corporate-Training.html">Choosing the Right Corporate Training</a>

BB link (for phorums):
[url=http://www.diggit.org.ua/article/24523/diggit-Choosing-the-Right-Corporate-Training.html]Choosing the Right Corporate Training[/url]

Alright, let’s clear the air and state right upfront that I am NO way condoning pornography. It is a fact of life, and one that apparently is not going away any time soon. Being successful in business has often been about walking a fine line and thinking outside the box. So if you are uncomfortable, with even the thought, that you could learn something from the business acumen of the Adult Movie Industry, then I especially think you should grab a coffee and keep reading this article. Why? We always learn something from that which we vehemently disagree with. You can always stop reading; you always have the choice.

Looking For a Fast-Track to Career Success? Ask yourself these questions to increase your chances for promotion and recognition. It might even make a difference in the size of your next raise.

Mama's Pizza Recipe Made $1,000 Per Day! What A Great Way To Fund Raise Or Create An Instant Business On Any Weekend.

Tags

Links

Digg It - Choosing the Right Corporate Training

Related Articles: