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Hiring is like a game of strategy. If you don’t play this game well, with the right strategy, you might as well be rolling dice or spinning a roulette wheel. The bal

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

l goes just round and round. . .

Peter Cappelli, a professor of management at the Wharton School of the University of Pennsylvania, said once that most companies ar

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

Examples of combination products may in

e so bad at finding the right person for a job that they have no idea whether their hiring process is even effective.

A study performed at Michigan State said that

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

with all positions, from entry level to chairman, the typical employment interview is in the neighborhood of between seven and eleven percent more accurate than flip

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

ping a coin.

Upping Your Level of Strategy at the Game

O.K., so most of us don’t want to trust the hiring of talent in the organization if it is just a hair better

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

Combination pro

than a coin flip, but that is what is happening in many companies. For example, just because a person was a good systems analyst or building projects manager, doesn’

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

t mean that he or she understands the hiring process.

Also, just because someone invented Post It notes or a new way to wire your computers, doesn’t mean that he or

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

she has the right skills for your job opening.

Yet, with today’s hyper growth demands in the face of an increasingly tight market for skilled employees, it is hard

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

to find a balance between getting in the hiring game quickly, regardless of strategy, and developing a process that will increase your chances of winning highly qua

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

lified talent.

So how do you answer the burning hiring needs of an organization in a world that demands both “fast” and “right”?

Getting Your Team Prepared with Ga

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

e-Winning Strategy

Some employers have hiring schemes that are formal, while other organizations hire informally. Regardless of which approach that your managers an

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

Following aspects would a

d team leaders take, they need to be trained on the following game winning strategies:

Defining what you’re looking for through the position description, job compet

dd to the challenges in developing combination products:

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

encies and questioning strategies Planning the interview through sourcing, resume screening, the interview team and identifying the great reasons to work at your o

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

rganization Conducting the interview in an appropriate climate and being able to respond to challenging interviewee questions Making the selection using a set of

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

decision- making guidelines and evaluating and communicating with candidates Training Can Impact your Strategy

Giving your managers the understanding and the too

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

s they need to hire right the first time is truly the only way to approach hiring. Otherwise, your ability for the ball to land on the winning number or to select th

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

Professional from academic institutions, pharmaceutical industries, health care indust

e right people is hit or miss. If you are lucky you’ll win or select the right person most of the time, but what if you’re not lucky? Isn’t it better to have the rig

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

ht strategy? That strategy has to include clear, well- defined processes that are justified.

When you have a candidate who turns out to be a productive, happy and p

.

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

ositive employee, you’ve won. Hiring Winning Talent (HWT) is the program that provides your managers with the tools needed to master the art of identifying and winni

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

Companies that provide selfless information through particip

ng new employees who will perform in the top 20%.

Quote for the Week

If you hire mediocre people, they will hire mediocre people. - Tom Murphy, American Businessma

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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Do you know what is Googling? We hear and read that different people all over the world are Googling. It has become a house name. It is on TV already. Read about it here if you have a work at home based business opportunity.

When you sell your time, you sell your life. Maybe it's time for your personal Independence Day.

If you have been in a job for nine months, think you are doing a great job and have some rapport with your boss, you might consider ASKING for A RAISE.

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