Main Subject - Business

Employees have been known to take excessive days off leading to production problems for many companies. One of the solutions is employee attendance incentives. These are 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

ually rewards given to employees as an incentive to limit their absences from work to a specified number of days.

The perceived benefits of employee attendance incentives

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

Examples of combination products may in

are to give the employee some control over their income, and give them a greater sense of responsibility for their jobs. They are also meant to stimulate the employee to wo

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

k harder than they might otherwise and perhaps find a more effective way to get people to go to work more consistently. However the employee attendance incentive has to be

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

something of value to the employees it is meant to motivate. Without a sense of value, the desire to do better will not be there and attendance will not improve.

Many comp

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

Combination pro

nies run these employee attendance incentive programs on a quarterly basis to retain interest year round. They realize that if you run the program yearly, many employees mi

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

ght loose interest before the end of the year and the program will not have the intended effects.

Control over income is a persuasive argument for employee attendance ince

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

ntives. However this motivation is only temporary, since money is an ineffective long term motivator for a lot of people. Also employees have little ability in reality to a

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

ter their behavior significantly in order to affect their earning potential. However employee attendance incentives are meant to provide employees with a motivating factor

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

to avoid unnecessary absenteeism. They are meant as rewards for reducing absenteeism.

The types of incentive programs used by companies are numerous. Some popular employee

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

attendance incentives are things like cash bonuses, gift certificates, travel rewards and big ticket items such as electronics. Some companies allow employees to cash-in un

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

Following aspects would a

used sick days at the end of every quarter, others give an employee two hours of bonus pay for every month of perfect attendance; and still others provide employees with a

dd to the challenges in developing combination products:

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

buffet lunch, a certificate of achievement, or even a scratch-off card concealing prizes.

One of the most important things to keep in mind is that the employee attendance

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

ncentive program that is used should be catered to your company and employees. This is easily accomplished by allowing employees to help you develop the incentive program.

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

Furthermore, their participation in the inception of this employee attendance incentive may very well be a motivator in and of itself.

The duration of the employee attenda

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

ce incentive program is also vital, and allowing your employees to help determine the length of time between incentives. Some companies find that simply rewarding employees

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

Professional from academic institutions, pharmaceutical industries, health care indust

with perfect attendance once a year works for them, while others decide once a month suits their situation better, and still others decide once quarterly or even once a we

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

ek works best. The general rule of thumb is to reward workers more frequently the younger they are and the more difficult the work is to perform, however knowing your emplo

.

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

ees is what best determines what duration to put on your employee attendance incentive program. Also, it is best to start with small incentives and work up to larger ones i

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

Companies that provide selfless information through particip

f necessary, since if you start with the larger ones, what more can you add to make the employee attendance incentive program more attractive after the novelty has worn off

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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