Advice You - Business

Do you want to make more money at your job? Most people do, but don't know how to get a raise. Here are 7 practical tips that you can us

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

e now to get the raise you want and deserve:

1. Know your company’s policy and schedule. Most companies have strict cycles when they a

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

Examples of combination products may in

prove raises. What is the raise cycle in your company? If you don’t know, talk to your Human Resources representative.

2. Start now.

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

Even if the next raise cycle doesn’t start for a few months, you need to start early. If you wait until review time, your salary might

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

already be decided by the time you have a meeting with your manager.

3. Find out what you’re worth in the market place. There are many

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

Combination pro

websites that will help you to find out the market rate for your position nationally or locally. You can find salary calculators at ww

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

.monster.com and www.salary.com.

4. Prove what you’re worth at your company. More important than market value is the value you have br

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

ought to your company over the last year. Did you increase sales? Did you keep a major customer? Did you save the company money by de

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

igning a new process? Your boss should know what have done and how it positively impacts the bottom line. Don’t assume that your boss

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

knows exactly what you’re working on. Give your boss weekly or bi-weekly updates. Before raise time give your boss a yearly summary of

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

your accomplishments.

5. Clearly ask for a raise. Set up a meeting with your boss and present business reasons for giving you a raise.

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

Following aspects would a

Bring past updates, customer comments, and any other information that supports your request. Make sure you set this up well before yo

dd to the challenges in developing combination products:

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

r boss starts to consider raise amounts.

6. Get Your Manager On Your Side. Realize that most times, your boss won’t be solely responsi

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

ble for your raise. He or she has to negotiate with their boss and human resources. They may want to give you a 10% raise, but the com

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

any standard is only 3%. Make sure you thank your boss for working with you to get you a raise and that you appreciate their help. Let

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

them know that you want to work together with them on this and ask what information they need to support the request.

7. Be Persistent

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

Professional from academic institutions, pharmaceutical industries, health care indust

If the answer is no, ask what is standing in your way. Let your boss know that you want specific feedback so you can get the raise in

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

the future. Ask to set up a time to meet about this again and review your progress.

If you can’t get a raise now, consider other item

.

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

that you can ask for: a bonus, a spot award, attendance at an industry conference, or a really exciting assignment. You can also ask f

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

Companies that provide selfless information through particip

or an interim review in 3 or 6 months. Then start planning – it’s never too early to start developing your strategy for getting a raise

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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Business software, in general, stands for any such software that can be used for commercial purpose by a commercial establishment. Modern business requirements demand speedy and accurate accounting. But that by itself is not enough, as there are a number of small and large business establishments working all over and many of them may not be able to afford the additional cost of hiring accounting professionals.

One of the most important marketing tools is an effective logo. It provides an easily recognizable identity for your business or organization. It not only communicates who you are but what you are. Therefore, every business or organization contemplating adopting a logo should know the criteria that make for an effective logo.

McDonalds Are you sure it is just about the Real Estate? Or did you just quote someone in a Speech one day?

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