Advice You - Business

Software Development companies in India normally hire many staff members, some times 100 (for medium size operations). They think of many ideas to retain the emplo

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

yees who carry out the work outsourced to them by their clients. One idea is to give them a bonus in the form of slips to get commitment from the older employees.

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

Examples of combination products may in

This means that the new employees are more or less sheltered from immediate exposure to customers and can learn the outsourced jobs properly. These bonuses ensure

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

that employees motivation level remains high, they deliver good results on even larger scale. The senior staff of these companies help their employees get better p

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

rospects and good job opportunities.

Retention awards - Plans by Software Development India.

The employee turnover (churn) has increased so much that many IT com

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

Combination pro

panies are now forced to organize and manage their employees in a professional manner. These organizations that take up the outsourced work use benefits like extra

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

perks, medical insurance, general insurance to retain their employees. This fact has been confirmed by many Yahoo groups and Google groups that discuss HR activit

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

ies and developments in the outsourcing industry.

In spite of the best efforts of organizations delivering the work that is outsourced to them, many employees do

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

leave their current organizations. This is mainly due to ever increasing attractive perks / benefits that many companies offer to attract the best talent in the in

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

dustry. Therefore, like the allegory "One cannot sneeze with his eyes open", it would be foolish to expect that a company can retain all its employees for ever. Th

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

re may also be some employees that feel insecure continuing in the same company for long period of time.

While the overall subject is "outsourcing" and completion

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

Following aspects would a

of outsourced work, each company in this field is unique in its own way. Many employees who seek "change" do leave their company in search of better exposure to n

dd to the challenges in developing combination products:

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

ew technology, handling bigger teams. In such cases the employees leave in spite of best efforts from their current organization. They are the pioneering kind of p

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

eople who are looking for that "extra" experience in this very competitive outsourcing industry. All said and done no company can ever retain all its employees.

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

They can however change, adapt and modify their strategies, norms and culture of their office or administration. Even this will not stop employees from feeling bor

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

ed or fatigued. Disincentives like bonds for minimum work period after joining do not work. Positive motivation through bonus etc also have little effect on the s

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

Professional from academic institutions, pharmaceutical industries, health care indust

egment of employees who are bent on looking for a change.

Outsourcing companies usually tend to trust those suppliers whose staff have been in the company for a l

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

ong time, the company is stable and the staff are comfortable with their work environment. Any form of additional pressure or harassment can lead to various perso

.

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

nnel problems. This in turn leads to the dissatisfaction and finally problems. The work produced by such staff is not up to the mark. For outsourcing companies, it

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

Companies that provide selfless information through particip

is not just the profits but also the employee turnover that matters. High level of employee turnover means extra expenditure in recruiting and training more staff

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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