Main Subject - Business

What are some tips for having an effective human resource management plan? First of all, it has to address the facts that business fortunes rise and fall per

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

iodically, employees and talent needs change and evolve, workforces age and retire in perhaps unplanned ways that do not match business needs. Also the marke

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

Examples of combination products may in

value of talent changes over time, sometimes becoming more valuable or less valuable.

Business focus:

Be a best business place to work, not just a best pl

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

ce to work. Create a human resource management strategy to live with throughout the business cycle. Test some alternative solutions assuming growth and shrin

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

age of the number of customers and their profitability. Reward people who have helped the organisation to succeed.

Emphasise key skills:

Mentor staff with

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

Combination pro

he crucial business skills so that they grow and learn. While everyone is important, some people have skills which a business needs than do others. This mean

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

investing in the talent that is closest to the business' core competencies - capabilities which are vital in making the business a winning one. Inform every

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

one what the talent priorities are and build a reward solution that fits. Invest on the area where most of business value comes from - people with expertise

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

hat add most to the business.

Communicate:

Educate employees about the rules of staffing growth and reduction early in their career. During the staffing bu

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

ld up over the last 5 years, companies implied that jobs were more secure than they really are. Thus, when the business tide turned, workforces recalled thes

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

implied promises and interpreted them as job guarantees. It is extremely important to have people understand the actual deal the company can provide. Be cle

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

Following aspects would a

r that staffing levels would change. However, also make employees comprehend what they can do to improve their value to make it less likely that they will be

dd to the challenges in developing combination products:

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

picked for lay offs and salary reductions.

Measure performance:

Build an accepted and valid way to judge performance before it is needed. It is important t

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

have a credible and reliable performance management system in place when times are going well. In good times, it is easy to protect inadequate performers wh

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

en staffing levels are high, but not when cutting is necessary. The best way to foster distrust, to say nothing about litigation, is to adopt a makeshift ran

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

ing system just before it is needed to reduce staff and try to use it to decide who goes and who remains.

Humanity counts:

Cut the workforce quickly and hu

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

Professional from academic institutions, pharmaceutical industries, health care indust

anely. Spreading the pain around does not make much business sense. When there is a need to reduce staff, reduce it. Build a reputation for keeping people cl

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

se to the meat of the business even when cutting is inevitable.

Get it over with:

Cut enough so that when it is over, it is really over. Do some staff plan

.

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

ing and stick with it. Companies cannot continue to regain the trust of the workforce if they do not make the needed cuts and commence to regain business mom

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

Companies that provide selfless information through particip

ntum. While it is very hard to predict the next possible economic fortunes of the business, the staff cutting must stop when management promises that it will

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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