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Job Satisfaction

“Escaping the Golden Handcuffs”

What do you do when don’t have job satisfaction and even hate your job, BUT make lots of money?

Often, you

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

can't just quit and go somewhere else without taking a substantial pay cut. Many affluent employees face an enviable, but difficult challenge. Securing jobs with high salarie

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

Examples of combination products may in

s and attractive perks can become a trap to finding job satisfaction.

That was the problem facing a very unhappy man. Paul had quickly risen through the ranks of a major bank

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

, but his career plateaued, and he felt unchallenged, desperately bored, and trapped. His six-figure salary had him in the "golden handcuffs."

Early in life, Paul had other p

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

lans. He loves to delve into peoples' psyches and analyze the dynamics of their relationships, and often participated in personal growth work. He had hoped to find job satisfa

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

Combination pro

ction if he could lead similar workshops or counsel couples in troubled relationships.

His well-meaning father didn't understand--and was horrified. Paul's aspirations were o

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

utside his understanding, and he wanted a stable and lucrative career for his son. Through a connection at a major bank, Dad learned about an opening, and set Paul up with an

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

interview. Paul knew that this would not bring job satisfaction!

That was twenty years ago. The new work was initially interesting, but it had been several years since he cou

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

ld honestly say he enjoyed his job. Although he was on good terms with nearly everyone at work, they aren't his kind of people, and the relationships were superficial. He'd of

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

ten noticed co-workers eyes glazing over when he tried to share his passions with them. So he stopped trying.

As Paul surveyed the career landscape for a way out, all he coul

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

see was a big pay cut. He didn't want to give up his salary and fine lifestyle but frankly his current job wasn’t working and giving him real career / job satisfaction.

I to

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

Following aspects would a

ld him that he could make similar money as a therapist in private practice, but it would take several years and lots of effort to equal his salary. Fifteen years ago, it would

dd to the challenges in developing combination products:

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

have worked, but not now.

What's the solution? There are two paths to escaping the golden handcuffs--both of which require some effort and sacrifice.

Job Satisfacti

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

on Option 1. This path is the opposite of the popular slogan, "Do what you love and the money will follow." Sometimes, it makes sense to "Get the money first, and the

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

n do what you want."

With Paul's income, he could cut back on his expenses, and carefully invest and build financial independence. This means having an income sufficient for

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

your basic needs and comforts from a source other than your paid job. Going to work then becomes a choice, not a necessity. Once he achieved financial independence, he could p

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

Professional from academic institutions, pharmaceutical industries, health care indust

ursue psychology or whatever interested him, without concern about the money.

Job Satisfaction Option 2. This path is to explore within the area of banking a

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

nd finance--and possibly outside of it--to find challenging work. An astute executive like Paul has the skills to contribute in many companies. Especially in a smaller company

.

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

, he should be able to negotiate an equity position. It might require a short-term pay cut, but in the long term, he should be able to rebound beyond what he had been earning

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

Companies that provide selfless information through particip

as a salaried employee. visit http://www.activ8careers.com to read more about job searching techniques

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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Customer service often means dealing with angry, frustrated, or rude customers. Dealing with those customers effectively can often make or break a company. This article presents a five-step process for dealing with difficult customers.

The way that most people approach their careers is that as long as it puts money on the table, they are happy and they basically relegate themselves to a life full of complacency and mediocrity.

In order to succeed in their jobs, electrical engineers have to be familiar with a variety of electrical engineering technology. To deal with various aspects of electrical engineering technology, electrical engineers must become familiar with various theories of communications, electricity, and electronics.

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