Subjects - Business

Appraisals are coming up for many professional women, and for many asking for a promotion or pay rise is one of the toughest challenges they’ll face all year. Getting adequately paid is vit

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

al as pay is one of the clearest ways we measure our value at work. Unfortunately this does not make it any easier to negotiate when seeking a promotion. The secret is in being prepared to

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

Examples of combination products may in

quantify your worth, even if you are in a non-fee generating position. This is the perfect time to look back over what you have accomplished while in your current role and if possible, put

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

a monetary value next to all of the projects in which you participated or managed. If your projects cannot easily be given a financial kudos, cite other measurable indicators of your succe

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

s. For example, over the past year have you managed more people, mentored new colleagues, won new clients or reduced turnover of new staff?

In one seminar I conducted, a participant recomm

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

Combination pro

ended keeping a journal of all your responsibilities and the actions taken towards finishing projects not only as a means of preparing for yearly appraisals but also as a confidence booster

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

when thinking about what you have accomplished. It is easy to forget what we were struggling with 8 months ago and give ourselves real credit for overcoming the challenge. Women tend to mi

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

imize how hard a challenge was AFTER they have surmounted it!

After you have listed all your responsibilities, compare them with the projects or clients of more senior colleagues. In most

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

cases there will be a clear increase that is justification for your contribution to the bottom line and therefore your worth to the company. If asked how much you would like, don’t answer i

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

mmediately. Ask first for the range they were considering….then head towards the top of it but be prepared to prove your worth. Be prepared to compromise but keep in mind the tips below to

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

elp prove your worth to the bottom line.

Top Tips for Negotiating a Promotion at Work

1. If you would like to stay within your current company, let your boss know throughout the year that

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

Following aspects would a

you are interested in advancing your career. Bosses do not have telepathy and do not always know who is happy in their current position and who would like a bit more of a stretch. Ask wha

dd to the challenges in developing combination products:

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

t other types of projects you could take on and what types of skills or training are considered to be pre-requisites to advancing to the next level.

2. Keep your CV or resume in order. Upd

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

ate it yearly even if you plan to stay with your current employer. This will give you a good guide for keeping track of additional new responsibilities or projects you handled as well as th

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

ir financial worth to the company.

3. Use the internet to find employment sites or salary surveys such as www.monster.co.uk or

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

t="_new" href="http://www.payscale.com">www.payscale.com to compare the earnings of others in this new role. Always have an idea of how much of an increase you would like in both salary

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

Professional from academic institutions, pharmaceutical industries, health care indust

and level of responsibility, as seeming unprepared may convey a lack of interest and unpreparedness…not qualities likely to be rewarded with a promotion.

4. Try to get an idea of how much

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

is open to negotiation. Public sector jobs follow standard scales for determining rank and pay, whereas there is more room to maneuver in the private sector.

5. If additional money is not

.

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

an option, ask how else they could reward your promotion. Get creative; a larger contribution to your pension fund or year-end bonus, the ability to take sabbatical leave, opportunities to

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

Companies that provide selfless information through particip

pick your clients and do pro-bono secondments, bursaries towards child care. Essentially, think of what you would truly value in a better package that didn’t necessarily include a more pay

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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Putting together the perfect office can be fun and stressful at the same time. There is an array of different office products that should be included in your office, but it will depend on what type of business you are in. Regardless of the business, there are some essential ingredients that should be included to suit your office. Here are 5 office products to consider purchasing.

We have already known that vending machine business is the one of the most profitable home based businesses. But if you decide to start one, you should have a complete picture of vending business and this article will give you the facts about vending machine business before you start one.

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Subjects - Smart Women – How to Negotiate a Promotion

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