Main Subject - Business

If you are considering a career change, you might first ask if there is still such a thing as a job for life?

Realistically, it’s hard to still imagine someone working for the same company from the time they start working until

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

the time they retire.

Depending on the industry (and company) it isn’t unusual to see annual turnover rates of 15%-20% or more.

At the high end, this would mean that in one year, 1 out of 5 people could change jobs. In some bus

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

Examples of combination products may in

inesses, the turnover rate is much higher.

This would indicate that people are switching jobs and aren’t afraid to do it. Given large forced downsizings that occur where you have no choice but to leave your company and look for

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

a new job, this certainly helps to bump up the turnover rate.

The reality is that a career change is something you will probably experience several times during your work life, whether it involves simply moving to a new company

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

or actually changing industries completely.

Here are some tips to help you manage a career change so that you evaluate job opportunities for the long term:

1. Don’t use money as your prime motivator to change jobs.

If y

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

Combination pro

ou simply want more money, then really what you are looking for is a raise. Have you thought about asking your boss for a raise? It’s a lot easier to ask for more money than it is to enact a job search and switch jobs. If you are

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

finding that you are underpaid compared to your peers or are not making enough money to support your lifestyle, it could be a matter of you not getting what you deserve. In other words, you might need to start looking out for yo

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

urself a bit more and questioning your negotiation skills. If you don’t feel comfortable with negotiating especially when it comes to issues such as compensation, you might consider using a recruiter if you decide to look for a n

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

ew job. An experienced recruiter can help with salary negotiation and might do a better job than you would otherwise do in this regard.

2. Don’t let others take control of your career.

Don’t let your friends, family, rec

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

ruiters or anyone else tell you what job you should take or what career path you should follow. Sure, you can consider the advice of people you trust but at the end of the day, you are the one who has to live with the decisions y

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

u make and you need to be happy with them. A career change should be something that you decide to do and at best, the people close to you can be utilized to verify your decision and to help you confirm that you are looking at the

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

Following aspects would a

opportunity with both eyes open.

3. Don’t expect to snap your fingers and see your new career magically appear overnight.

Finding a new job – especially if you are changing careers completely – can take time. A job sear

dd to the challenges in developing combination products:

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

ch can almost become a fulltime job in and of itself if it’s done correctly. The chances of deciding to look for a new job and then seeing an ideal opportunity drop in your lap several days later are rare. You will need to work a

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

t it to not only locate excellent opportunities, but to then convince such companies that are the ideal person for them. When looking at a career change, have patience but also ensure you put the required effort forth to effectiv

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

ely find what you are looking for.

4. Be creative with your job search and utilize common sense.

“Thinking outside the box” is a tired clich? but it is true: when looking for a new job, don’t just do what you’ve always d

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

one ie. fire off 100 resumes by email to prospective employers, answer a few newspaper ads for jobs that are similar to what you are doing currently, etc. There are more effective ways to conduct your job search. Speak with your

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

Professional from academic institutions, pharmaceutical industries, health care indust

friends, family and former colleagues and anyone else who can influence your search. One of these people might know someone who knows someone who can help you or point you in the right direction. Also, don’t forget to consider po

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

sitions different from your current role that utilize transferable skills and interest you. If you are bored with your current position, moving to the same position at another company doesn’t make a lot of long-term sense.

Befor

.

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

e jumping into a job search, fully understand why you are looking to change jobs and what you expect to get out of a possible career change. Ensure that your current company/job can’t be salvaged before you decide to leave it. On

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

Companies that provide selfless information through particip

ce you’ve confirmed that you are in fact looking for a career change, then figure out your plan of attack to attain your new job. Afterall, if you’re simply looking for a raise, asking for one is easier than looking for a new job

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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There are many ways to motivate employees. We will take a closer look at the possible motivational tools in this article and will discuss the possible outcomes and the effect it might have on the organizational performance.

Though it is good to find strong professional advice for managing your career, you should not overlook the benefits of exploiting information gained from real work experiences.

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Main Subject - Career Change: Does A Job For Life Still Exist?

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