Useful Advices - Business

This article relates to the Recognition competency, commonly evaluated in employee satisfaction surveys. It tells the story of how one company found the right recognition

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

program by paying attention to employee feedback. This competency also explores what type of behavior is appreciated and rewarded within your organization. Studies show

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

Examples of combination products may in

that employees who receive regular recognition and praise are more likely to increase their individual productivity levels, increase engagement with their colleagues, and

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

stay longer at the organization. Evaluating this competency can be especially useful if your organization is experiencing low productivity levels or ineffective teamwork.

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

This short story, Choosing an Effective Employee Recognition Program, is part of AlphaMeasure's compilation, Tales from the Corporate Frontlines. It tells the story of

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

Combination pro

ow one company found the right recognition program by paying attention to employee feedback.

Anonymous Submission

I am currently working as a human resources ass

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

ociate at a medium sized manufacturing firm. I was recently assigned a new project - to set up an employee recognition program and procure the prizes to be awarded.

Top-

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

level management recently conducted an employee satisfaction survey and decided that a new recognition program (there had been one years ago, but it faded due to lack of

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

nterest) would spur lagging productivity and boost morale. When given the task of program development, I asked questions - how do we determine which employees get recogn

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

ition? What kinds of prizes do we want to award? You'll receive all the details in a memo, I was told.

The next management meeting yielded a memo instructing me to imple

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

ent a program that included the following prizes ---a reserved parking spot next to the building for one month, a framed certificate of excellence, and a "top performance

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

Following aspects would a

" ribbon, to be awarded at each monthly employee meeting, on the basis of supervisor recommendation.

After the first monthly meeting, I tried to gather employee feedback

dd to the challenges in developing combination products:

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

. The response to the first round of awards at the meeting was lukewarm to downright chilly, and I was curious as to why.

I checked the company suggestion box later that

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

day, and quickly discovered the reason for the cool reception. It was filled with slips of paper, their messages basically summed up by the following:

" We feel underpai

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

d and unappreciated. A parking space, plaque or ribbon just doesn't cut it. We need more money."

I put aside a few of the more articulate messages and passed them on to

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

anagement. Although the company was not in a position to alleviate the employees perceived wage inadequacy (which, by the way, was a valid complaint when comparing our wa

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

Professional from academic institutions, pharmaceutical industries, health care indust

ges to those of similar companies) it was clear that the recognition program needed to be changed. The new version offered---two paid days off, a $200 gift card for a loc

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

al chain store, and some smaller cash bonuses.

Response to the new program was great. Our employees understood that large scale increases in salary were just not possibl

.

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

at the time, and the effort to provide some monetary incentive for excellent performance made a huge difference in both productivity and morale.

© 2005 AlphaMeasure,

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

Companies that provide selfless information through particip

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.usefuladvices.org.ua/article/23900/usefuladvices-Tales-from-the-Corporate-FrontlinesChoosing-an-Effective-Employee-Recognition-Program.html">Tales from the Corporate Frontlines:Choosing an Effective Employee Recognition Program</a>

BB link (for phorums):
[url=http://www.usefuladvices.org.ua/article/23900/usefuladvices-Tales-from-the-Corporate-FrontlinesChoosing-an-Effective-Employee-Recognition-Program.html]Tales from the Corporate Frontlines:Choosing an Effective Employee Recognition Program[/url]

When it comes to metal fabrication equipment, you may have heard of an angle roll bending machine. Some may refer to it as a section bending machine, but its purpose is still the same - form raw pieces of metal into desired shapes and sizes.

To be profitable, a business must charge more than its breakeven point for the services it sells. here is an article that will give you information you need to ensure proper calculations that will lead you to bigger profits.

One of the most important things in business is to protect your company's information from competitors and personal information of employees, vendors and executives from Identity Theft and yet Franchisors are required to put personal information in the UFOC Uniform Franchise Offering Circulars. It is a catch 22 for Business Executive Management, on one hand you must follow the rules and on another hand you are being set up for Identity Theft.

Tags

Links

Useful Advices - Tales from the Corporate Frontlines:Choosing an Effective Employee Recognition Program

Related Articles: