Cases - Business

You have worked hard at finding your next job. You have come through many obstacles and have reached your career objective. You have received a job offer. You’re thrilled. Mission accomplished. After all, wha

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

t else is left to do?

A majority of job candidates do not negotiate their offer. They are happy just to have received it. They just want to start their new job and start getting paid again. Besides, there's a

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

Examples of combination products may in

yth that the process of negotiating could turn the employer off and cause the offer to be rescinded? Does this kind of thinking sound familiar?

Offer negotiations are certainly an optional part of the job search

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

process. You don’t have to negotiate. Should you? Absolutely! In fact, when you don’t negotiate, negative ramifications can occur.

For example, you’re in Sales or Customer Support or any other profession tha

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

requires a persuasive style. As a final “test”, an employer may extend to you the position contingent upon how persuasive you are at negotiating the offer. If you don’t negotiate, or negotiate poorly, you lose.

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

Combination pro

A runner-up may be offered the position on a similar basis.

Even if you are not in a profession that requires a persuasive style, you should seriously consider engaging in a negotiating process. Employers expe

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 you to negotiate. There is always a higher amount that you can receive over and above the compensation you are initially offered. How much more will be a function of the bargaining chips you have, and the fine

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

sse used to negotiate them.

Let’s take stock of the bargaining chips you may have:

• Your educational degrees

• Being currently employed (assuming you are)

• Your level of expertise and number of years in the

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

ield

• The salary you currently command

• Your assessment of your true worth

Depending upon the type of position you are seeking, each of these areas has validity and relevance, and a specific “chip” value that

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

can be called upon when negotiating. Probably the most esoteric yet most valuable of these is your own assessment of worth.

Your true worth is far greater than your current compensation, or what a salary calcul

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

tor would reveal. Your worth can be defined by what you bring to the table that is unique and valuable. Look at the skills, strengths, core competencies, marketable assets and accomplishments you can declare as

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

Following aspects would a

our own. This is what describes your uniqueness. It is what differentiates you from the crowd.

What number would you associate with your worth? If you’re having difficulty coming up with a figure, just ask you

dd to the challenges in developing combination products:

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

r spouse or best friend how much they think you are worth. You’ll probably get a surprisingly high yet fairly accurate number. Let’s assume you came up with one million dollars. I know, that doesn’t even come c

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

ose. The point is, can you expect an employer to pay you this amount as your compensation?

For sure, salary negotiations based on your true worth or unique gifts take on a whole new dimension. No, you probably

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

won’t be compensated one million dollars; however, with the right blend of negotiating skills and patience, your efforts will be substantially rewarded!

I have seen up to forty thousand dollars added to starting

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

ompensation through diligent negotiations. It is common for signing bonuses, stipulations calling for substantial six-month performance-based increases, several weeks of additional vacation time, stock options, p

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

Professional from academic institutions, pharmaceutical industries, health care indust

rofit sharing, and more to be added as part of a negotiated package.

Negotiating is an opportunity to get what you truly want, and deserve. It is a way to significantly raise your standard of living and sense of

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

self, simply by taking stock of what you have and then knowing how to use it for your advancement. Remember, what you receive now becomes your benchmark for future positions.

We all have choices. Some people wo

.

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

uld rather keep things the way they are. That’s ok. However, you have worked very hard to come to this point, so why stop short of getting what you truly want, and deserve. Wouldn’t you rather be compensated mo

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

Companies that provide selfless information through particip

e on the basis of what you’re worth than on some arbitrary figure designed to keep the status quo? Go for what you are worth – your life will never be the same!

Copyright © 2005 TopDog Group All rights reserved

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.cases.org.ua/article/13316/cases-Job-Offer-Negotiations-Getting-What-You-Want.html">Job Offer Negotiations: Getting What You Want</a>

BB link (for phorums):
[url=http://www.cases.org.ua/article/13316/cases-Job-Offer-Negotiations-Getting-What-You-Want.html]Job Offer Negotiations: Getting What You Want[/url]

Operating construction jobs is a great deal of work, not just in terms of using a level or nail gun. Managing those construction duties is just as time consuming and sometimes aggravating. You will be in need of a program, which is easy to learn and is adaptable with your bookkeeping software. All these benefits and being able to work smarted allows you more time off to do your thing and not worry about what was left at the office.

Invoice factoring with the right factoring company can get you the business funding you need - even for start-ups. Check into how receivables factoring can give you the business financing help you need today.

A limited liability corporation is a separate business entity that combines the various characteristics of partnership and corporation to form an entirely distinct legal unit. Limited liability corporations can be broadly distinguished into two forms, namely single-member limited liability corporations and multiple-member limited liability corporations. There can be various other forms of limited liability companies.

Tags

Links

Cases - Job Offer Negotiations: Getting What You Want

Related Articles: