Advice You - Business

Often you see job postings with a request such as “Send resume with salary history to…” I don’t know about you but the first thing that pops into my mind is what do they expect to

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

pay? The next question I ponder is whether or not it’s legal to request this information. Who will see my salary history when my resume and accompanying documents are received? 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

ill it be the hiring manager, someone in the human resources department, or will it be a notoriously nosy employee whose job it is to open the mail? Will that individual broadcast

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

my confidential information to other employees?

Some employers use this tactic to save themselves time and weed out applicants that expect more than they are willing to pay or, b

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

ased on their view of your past compensation, don’t appear to have the skills or experience necessary. The keyword in the second statement of the preceding sentence is appear
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro
>. You may very well have deserved better, but for whatever reason you may not have been compensated as well as you should have been.

Unfortunately, it isn’t illegal for employer
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
s to ask for a salary history even though your income is a highly confidential matter. Therefore, you need to develop a plan to deal with the ones that expect it or worse, require
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
it. That plan should include a method to address the issue without revealing too much information to just anybody that may have access to your job search documents.

The first thi
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ng to do is determine how crucial an opportunity is to you. If you are in a position to be choosy with job opportunities, don’t waste your time and energy. Some postings will warn
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
you that if you don’t send your salary history with your resume you will be cast into file 13. Ignore the job postings that require it and move on to the next opportunity. If the
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
job appears to be a very lucrative prospect for you and you believe you absolutely must give it a shot or if you can’t afford to pass up the chance at the opportunity, you can tur
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a
n the tables on them and use this to your advantage to screen them, too.

Secondly, if you don’t already know how much you should expect to be compensated you should do some resea
dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod
ch before applying. Do a search for salary wizards on any of the search engines to locate wizards. You will find salary wizards that will provide a low to high range of compensati
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
on for different professions and positions based on experience levels and geographical locations. Some of them include information about benefits and perks as well as monetary com
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ensation. Most employers have done their own research and know the ranges for the geographical area where they are located.

Respond to the request for your salary history in your
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
cover letter after highlighting the benefits of hiring you. Instead of detailing what you were compensated by past employers, address the issue by including a statement in
ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust
icating your expected salary. Use general numbers such as “mid 50’s” without giving a top or bottom range, i.e. 50 to 60k annually. You don’t want to state a range because it coul
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
d still limit your ability to negotiate. You want to leave the door open to be able to negotiate monetary compensation as well as other benefits and perks.

If you don’t hear from
.

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
them, move on and don’t stress over it because most likely they didn’t intend to pay what you need or expect. You have succeeded in turning the tables and making sure you didn’t w
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip
aste your time and energy on a job less than favorable to you. If you do hear from them, be prepared to negotiate for compensation that will be reasonable for you and the employer

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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Advice You - Do I Have to Provide a Salary History?

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