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Workforce experts estimate that the cost of replacing a worker is 1.5 times the annual salary of the worker. To minimize your turnover costs and maintain a productive workplace

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

, employers need to look beyond the salary and benefits.

Work can be a satisfying and positive experience for your employees when their work expectations are being met. Sa

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

Examples of combination products may in

ary and benefits are the obvious compensations that an employee expects from his or her employer, but there are a host of immaterial things that can provide job satisfaction. W

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

ether you, as an employer, are considering a new hire or trying to retain current employees, there are four key factors that can help make work a positive experience.

En

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

ironment

Many employees expect a pleasant work environment. No one wants to wake up each morning dreading going to work. Do your workers prefer a low-stress environmen

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

Combination pro

that has a social atmosphere? Perhaps you should consider assigning projects that require teamwork and personal interaction. However, different personalities expect different

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

types of work environments. Some people work better under pressure and welcome the opportunity to be challenged. Giving workers the opportunity to express their ideas in a wo

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

kplace that emphasizes results over personal relationships may give them satisfaction.

Structure vs. Independence

Structure is an integral part of the workplace

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

or some employees. Perhaps they like to know that certain resources are available to them. Providing workers with specific timelines, procedures, or guidelines may be benefici

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

l to them when completing a project or problem-solving. Some people, however, expect to work independently. They may want to set their own priorities or use their methods of p

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

oblem-solving. Granting freedom to take on new responsibilities or to streamline current procedures might be a way to keep your employees happy.

Work vs. Personal Life<

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

Following aspects would a

b>

Most employees expect a certain balance between work and personal life. They have commitments outside of work and feel that work should not distract them from fulfillin

dd to the challenges in developing combination products:

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

those commitments. Assure your employees that you understand their commitment to their families and other activities. Let them know that work will not interfere with their pe

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

sonal life, but also that you expect high standard of job performance.

Career Growth

Having a career is important to many people in today’s society. If your emp

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

oyees enjoy their job, invest a lot of time and effort, and succeed at it, they probably expect to get rewarded. The reward doesn’t always have to be monetary; sometimes a new

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

ob title, increased responsibility, or other incentives will provide the positive reinforcement they desire. Career-minded employees probably want to gain new experiences and i

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

Professional from academic institutions, pharmaceutical industries, health care indust

ncrease their set of job skills, making themselves more marketable to other employers. Making sure your employees know there are opportunities for advancement may keep them sat

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

sfied and keep them with your company.

Once you have identified the things that can make work a positive experience for your employees, you must keep the lines of communica

.

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

ion open. Your employees may never be satisfied in their current positions if their work expectations are not met. As an employer, you understand the high cost of employee tur

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

Companies that provide selfless information through particip

over. If you want to retain your employees, learn what their work expectations are and do what you can to increase their job satisfaction, making work a positive experience.

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 - Meeting Employee Work Expectations: 4 Keys for Minimizing Turnover

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