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Just Other Articles - The Surefire Way To Getting A Pay Raise
If you are working for someone else, it is important to remember this fact: No one gives you a raise, you must earn it. You’ve got to prove you are worth the additional money you are asking for. And, you must d
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
o this in a professional, business-like, and diplomatic way. You do this by completing salary research and having the facts straight in terms of your worth and the additional value you bring to the table. This ma
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
y mean that you are not ready to ask for a raise tomorrow. But, taking the extra time, preparation, and effort necessary to ensure that you are eligible for a raise is really the only way you are going to get one
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
. Also, when asking for a raise, it is best to stick to business, rather than personal, reasons. It is not fair to your employer to ask for a raise “because Sally needs new braces” or “because you need to pay fo
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
r Billy’s trip to Europe next summer.” Stick to the business facts of why you deserve the raise. Following is an effective three-step process to getting the raise you deserve.
Step 1: Do your homework
The sur
Step 1: Do your homework
The sur
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
est way to not get a raise is to throw out some arbitrary or random number to the decision maker. You’ll be better off to do some research on what the industry standard of pay is for your position. There are man
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
y salary calculators and web sites online such as the salary wizards at HotJobs.com, Monster.com, or Salary.com. Keep in mind, such calculators provide industry averages and may not be adjusted for the cost of li
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
ving in your particular part of the country. The average salary for an accounting clerk in New York City, New York is going to be slightly higher than for the same position in Deer Lodge, Montana. Check with your
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
company’s compensation department on what the exact salary range is for your position. Most companies are obligated to provide this information to you on a confidential basis. With both of these pieces of data,
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
the industry standard pay range and your company’s specific pay range; you are now armed with fact-based information to proceed with your strategy.
Step 2: Review your past performance appraisals
Be realistic.
Step 2: Review your past performance appraisals
Be realistic.
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
In looking over your past performance, do you really merit a raise? Have you exceeded expectations on the job or merely met them? What, if anything, have you done to set yourself apart from the other people in
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
your department?
If you have been a constant top achiever and star performer, then by all means proceed directly to Step 3 and set up a meeting with your boss and ask for the raise. However, if your performance
If you have been a constant top achiever and star performer, then by all means proceed directly to Step 3 and set up a meeting with your boss and ask for the raise. However, if your performance
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
has been less than stellar, do the following before asking for the raise.
a) Develop a great track record at work. For the next three months, put in as much extra effort as possible. Come in a little early, st
a) Develop a great track record at work. For the next three months, put in as much extra effort as possible. Come in a little early, st
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ay a little late. Cut your lunch hour by 15 minutes. Take on extra assignments. Do your absolute best.
b) Meet with your boss. Let your boss know that you like your job but you are interested to know what you
b) Meet with your boss. Let your boss know that you like your job but you are interested to know what you
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
can do to earn more money. Modify your current performance plan (or create a new one) to document exactly what you need to do to earn a raise. Also set and document a time when the future review date and meetin
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
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
g will occur.
c) Set goals and expectations. Make a plan for doing what your boss said was needed to make more money. Then do it.
d) Document everything. Keep a record of your meetings with your boss – when y
c) Set goals and expectations. Make a plan for doing what your boss said was needed to make more money. Then do it.
d) Document everything. Keep a record of your meetings with your boss – when y
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ou met, what you discussed, what you agreed on, etc.
e) Record your accomplishments. As you meet (or exceed!) each goal, keep a record of specific activities such as the date you completed the goal, the steps yo
e) Record your accomplishments. As you meet (or exceed!) each goal, keep a record of specific activities such as the date you completed the goal, the steps yo
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
u took to accomplish the goal, concrete dollar or time savings and increases in efficiency, etc.
Step 3: Set up a review meeting with your boss
Once you have successfully met each goal and expectation, meet wit
Step 3: Set up a review meeting with your boss
Once you have successfully met each goal and expectation, meet wit
.
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
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
h your boss again. Review what you agreed on, how you have successfully accomplished each goal, and determine exactly what the next steps will be to move you forward and to make more money.
It is important to re
It is important to re
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
member that no one owes you a pay raise or gives you a pay raise – you must earn a pay raise. By being professional, reasonable and fair; you will stand a much better chance in obtaining the pay raise you deserve
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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