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Just Other Articles - Is There Life After This Job? Or: How Your Termination Policy Can Improve The Image Of Your Company
Of course you know that a company's reputation is also influenced by the people leaving the organization. But did you also know that w
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
ithin 90 days of a major change announcement more than 25% of a company's top performers may voluntarily leave the organization?*
As
As
; 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
nusual as it sounds, a responsible terminated policy can not only positively influence a company's external imagine, but strengthen th
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
internal reputation as well.
More and more outplacement and transition support aimed at assisting terminated employees in their conc
More and more outplacement and transition support aimed at assisting terminated employees in their conc
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
rete search for a suitable new position is being provided, and will be increasingly part future of termination packages. A recent stud
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
by Reed Consulting*, UK, discovered the following:
• 78 % of those questioned think that responsible outplacement policies can impro
• 78 % of those questioned think that responsible outplacement policies can impro
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
e the reputation of an organization
• 55 % of those questioned feel that a responsible outplacement program make an organization more
• 55 % of those questioned feel that a responsible outplacement program make an organization more
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
attractive as an employer
• 87 % of those questioned also view outplacement provisions as concrete support for managers having to de
• 87 % of those questioned also view outplacement provisions as concrete support for managers having to de
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
l with the difficult task of terminating employees.
Is there a way to make YOUR company's termination efforts even more efficient and
Is there a way to make YOUR company's termination efforts even more efficient and
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
less painful for all involved?
Transition Coaching can prove a valuable support for both terminated employees, as well as the manager
Transition Coaching can prove a valuable support for both terminated employees, as well as the manager
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
responsible for terminating them.
Termination talks trigger a strong emotional shock - esp. for long-term and older employees. It ca
Termination talks trigger a strong emotional shock - esp. for long-term and older employees. It ca
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
n be weeks or months before they are emotionally stable enough to deal with the stress of separation. Only then can they begin to plan
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
their career futures both realistically and aspirationally. Only then can they begin to grasp the necessary pragmatic steps of separat
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
on within a larger field of reference.
With an experienced Transition Coach, the terminated employee is able to confront his new situ
With an experienced Transition Coach, the terminated employee is able to confront his new situ
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
ation more quickly and with more assurance. In addition to an evaluation of the job-related qualifications he has has collected over t
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
e years, the Transition Coach helps him assess life's most important components - incl. his goals and dreams. Who knows: There may be
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
o time like the present to realise long-dormant career dreams!?
When this bridge has been successfully crossed, a individualized acti
When this bridge has been successfully crossed, a individualized acti
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
on plan - whether as part of an extremely focused outplacement program or completely personally driven - has been defined and the nece
.
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
sary next steps have been outlined. The internal barriers have been largely overcome and the terminated employee is inwardly well-prep
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
red and ready to embrace a new life with energy and optimism.
~~~
* : http://www.timesonline.co.uk/article/0,,2622-2545615_1,00.html
~~~
* : http://www.timesonline.co.uk/article/0,,2622-2545615_1,00.html
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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