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Cases - Cost of Presenteeism Surpasses Absenteeism
The cost of presenteeism has now surpassed the cost of absenteeism. Presenteeism, which refers to sick employees who come to work instead of staying at
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
home, now surpasses $180 billion annually. Absenteeism, where the employee does not report to work, costs $118 billion annually and medical expenses and
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ost productivity.
Employee “illness” can be grouped into five different categories. The Society for Human Resource Management (SHRM) breaks down the imp
Employee “illness” can be grouped into five different categories. The Society for Human Resource Management (SHRM) breaks down the imp
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ct in this way:
1. Personal illnesses account for 35%
2. Family issues make up 21%
3. Personal needs combine for 18%
4. An entitlement me
1. Personal illnesses account for 35%
2. Family issues make up 21%
3. Personal needs combine for 18%
4. An entitlement me
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
tality accounts for 14%
5. Stress makes up the final 12%
The SHRM figures refer to absenteeism alone, therefore may not be applicable in the same p
5. Stress makes up the final 12%
The SHRM figures refer to absenteeism alone, therefore may not be applicable in the same p
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ercentages to presenteeism. However some presenteeism will fall in each of the categories. This occurs when, for example, an employee has family issues
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
to deal with however they do not feel the entire day needs to be taken off of work. They will make the necessary phone calls to resolve the family issue
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
on company time. In the case of the entitlement mentality, when employees see other employees taking long lunches or breaks or making personal phone ca
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ls on company time they feel they are also entitled to do the same.
It is important to note that in some cases presenteeism contributes to the cost of a
It is important to note that in some cases presenteeism contributes to the cost of a
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
bsenteeism. This occurs when an employee is contagious and spreads germs to other employees in the workplace. These newly infected employees will elect
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
o deal with their illness through either absenteeism or presenteeism.
A likely culprit in the increase of presenteeism is a lack of “no-fault” sick time
A likely culprit in the increase of presenteeism is a lack of “no-fault” sick time
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
No-fault sick time refers to allowing employees to take their sick time without having to provide an explanation of why the time is taken. This reduces
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
the amount of presenteeism as employees no longer feel they must act sick to qualify for a sick day. However once an employee begins to run out of sick
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
time, or is only allowed minimal sick time during the year, presenteeism becomes a manner of choice when dealing with the five areas identified by SHRM.
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
According to Multicultural Business Council (MBC), a cultural empowerment organization based near Detroit, Michigan, absenteeism policies are creating sp
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
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
cific cultures within the larger corporate culture. When an employee changes jobs from a company that has a restrictive absenteeism policy to a company
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ith a less restrictive absenteeism policy, they will quickly learn to adapt to the new culture. However, employees moving in the opposite direction, fro
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
m less restrictive to more restrictive absenteeism policies will take longer to adopt to the culture of the company.
It seems an entitlement mentality i
It seems an entitlement mentality i
.
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
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
a key player as employees look at sick pay policies at their company versus the policies at companies have previously worked with or have friends or fam
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ly working for. Understanding the motivational factors of a team of employees can reduce the negative impact from presenteeism and absenteeism.
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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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