flat hourly wage, hourly + volume, and stricly volume based pay ?
Posted By: MKJ on 2007-11-16
In Reply to:
I have heard there are companies that pay flat hourly, some that pay hourly plus volume pay, and then strictly per production. Anyone have any experience with these different pay structures? Know which companies do which (and will take new grads)?
Thanks : )
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Dictation volume
Hi all, I was just wondering if anyone else was having problems with the level of dictation available to transcribe. I work for Eagle's Landing and I'm finding that the dictation is very sporadic. When I first started it wasn't that way but ever since Hurricane Katrina the dictation has been low. Right after Hurricane Katrina there would be days with no dictation because the docs were gone to New Orleans to help out. Now the doctors are back but there is still the same problem. I am actually going to be set up on a second account so that should help me but I'm not sure when they are going to do that for me. I've heard that we are getting several new clients soon so maybe that will help. What I've started doing basically is actually keeping up with the amount of work per hour (low, medium, high volume, comp issues, etc)on an excel spreadsheet for each day of the week, I'm going to continue doing that for each week of the month, so eventually I will have several months I can look over and see if this is a chronic problem or an acute problem. I'm really hoping that this is just a temporary slow period of time. I think my frustration has also been compounded by the fact that I've had computer problems myself, the system at Eagle's Landing goes down sometimes for maintanence, and just being a new MT.
I really do plan to stick it out but I don't believe that the service would be honest with me if this is a problem that is going to be ongoing so I feel I need to keep my own records. Right now I'm living at home with my mom but eventually, in a year or so, I want to be able to move out and support myself so I need to see if this job has some stability. I understand there will be less stability than other jobs because that is how this industry is but I need enough stability to know that I can support myself atleast. As I said before in one of my earlier posts, I only started 3 months ago,(back in July) so I definitely know that the early frustrations just take time and experience to work through so I do plan on sticking it out. I guess my concern with lack of dictation is that it is something I cannot control, my speed is something I can control, I can work really hard and get better at that, but this is something I cannot. The problems with the sporadic dictation I would say have been going on since the middle of August, it does not seem like very long but it seems like forever when I'm trying to build up my speed and when I'm new at this. Anyway, I would appreciate some feedback on this from new MTs and more experienced MTs. Oh, also another thing I've noticed just from reading this message board and others is that a lot of MTs keep up with their line counts on a spread sheet. What I tend to do is watch my production based on the number of minutes I type. Should I be looking more at line count than minutes and also keeping track of that more closely? I have noticed that I do not follow my life count as diligently as others. And finally I want to thank everyone for the input I've already gotten from this board, it has been very helpful to me, and I have definitely taken the advice to heart and used it.
When I asked them questions about volume,
they told me to forget it. Seriously, if I remember correctly the exact words were "don't quit your current job." I find it very rude that they would act this way all for asking about the workload (this was just before interviewing with them). They were offering 3 cpl and I asked them if the workload was enough to compensate.
Do you work nights and produce very high volume for your 12 cpl? Are these your own accounts?
s
transcriptiongear.com has phones with a volume control on the cord. Love 'em! Really helps. nm
s
Hourly pay
I have been working for a small company for almost a year now. At first it was on a trial basis starting at $10 per hour. I was kept on after the trial basis, saying my work was excellent, however there has never been any mention of a raise in pay. The company I work for only pays hourly, not by the line, page, etc. What is the going hourly rate for a transcriptionist?
hourly IC
I know the IRS gives an example of laywers as ICs that bill by the hour. I don't know how they would rule on MTs.
I get paid by the hour (pay changes based on production) as an IC, and it is kind of weird to me, but I don't have the experience or the right school on my resume to get a different MT job. Besides, I love that it is clinic work and very easy, and they work with my schedule (and everyone I work with is nice). As an IC it is nice that I am not beholden to a strict schedule, just a basic production level, and all they ask is that I try to be consistent (eg don't try to get all my work done in two days and take 5 off).
I know this probably has nothing to do with the original post (which I read some days ago). I just wanted to chime in and say I am paid hourly, though it IS odd to me and does not make a whole lot of sense. 
get paid hourly
best bet is get a job locally that pays hourly. you make more money that way. in 1976, i made $9/hr. now i make $17/hr. when i edit, i make $23/hr (boston)
hourly wages
Smaller Midwest town. Hospital MT position starting at $10.50. No raises except annual cost of living. Beneftis paid partially by employee. Is that a fair hourly wage for beginning MT?
hourly wages
Thanks for your reply. Yes, I was thinking the experience would be good as a Newbie. My goal is to work from home after I get my speed and accuracy. The hospital also offers work from home after one year in house experiencem, but I don't know what or how they pay for working from home.
Hourly Paying Jobs
Can someone tell me if they know any companies that pay hourly to work from home? If someone knows any names of companies that pay hourly, please let me know.
Thank you for your help in advance
Sincerely Crystal
That's a first for me. I've never heard of an IC being paid hourly.
I wonder if that breaks any laws about ICs? I'm not an expert at all on IC laws, but I wouldn't be surprised if being paid hourly doesn't make you an employee. You might want to post that question in the subject line on the main board.
Not the profession. MTs in house at hourly pay do great. The world of the
s
Local hospital pays hourly + production incentive
I was lucky enough to find a job that gives me the best of both worlds. A decent hourly base and then incentive pay on top of that.
GOOD LUCK!!!
Most people lucky enough to be paid hourly worked on-site first.
Otherwise those jobs are very rare.
Wasn't 5.1 the last DOS-based WP program? Not sure...nm
x
I think the MTSO is saying that she has knowledge based
having had MTs who were fakes and some who were not, and is now able to discern which is which. I don't think he/she was saying any more, any less.
JOBS??Home Based
Hi I was wondering if anybody could help me?? I am interested in finding a home-based medical Transcriptionist position. I have experience in transcription and am enrolled in a transcription course. Any leads would be wonderfully appreciated. Thanks. Jackie
I wouldn't recommend MT for you based on your
situation, but if you have no previous MT experience/training you would need to take a course, either by correspondance or at a local community college. Training can take 9 to 18 months, or less depending on how much time you have to put into it, but if you are working FT you're probably looking at a year. Then you need to either get hired by a company that will hire newbies and pay them next to nothing, or do an internship, which you may or may not get paid for and may have to pay to do.
interships are home based
These are home based internships.
Jen
No minimum wage here.
I have been at this for 2 years. Yes, my first year was slow and lean, and god bless Mom who lent me $$ to keep the wolves from the door. I make substantially more than minimum wage now, however. There are a number of MT's on this board who will say the same thing.
The constant negativity on this board is overwhelming sometimes. If you're only making minimum wage, you need to reassess the company you work for or your work habits. Sorry, but that's my view. If I can AVERAGE $20 an hour after less than 2 years in this business, anyone can.
Is MT a decent job based on pay #s I see here? And how is outsourcing affecting pay?
I am brand new to the MT world. I'm considering taking training and an internship at a local company (my cost = $2,000) and then working as a contractor for them. From reading different questions and responses here, I'm concerned that the pay is pretty low and has not increased much in the past few years. My other concern is that more companies are outsourcing their work overseas because it's cheaper. How much of that is happening and how much is that hurting pay here?
I'd appreciate any information and opinions. I have to decide by Monday, January 8. Now I'm thinking that I should just find another career path and take classes at a community college. I worked in another career and made excellent money, but the stress and long hours were just too much. I was looking for something less stressful and the chance to work at home. THANKS!!!
Are you strictly trying to find a home-based job? if so, (sm)
I would suggest that you consider working on site in an office or hospital for a period of time. At home you don't have the support group that you really need when first starting out. Best of luck to you!
fair wage for newbie
I would start as low as 5 cpl just to gain some on the job experience.
Minimum wage in my state is 5.15 and
some days I don't even make that transcribing. I have two transcription accounts, heavy VR. If I only looked at this with respect for the money I made, I would be depressed. I also needed a career change (and made fair money before MT). But, I consider MT a trade off. These are some of the added benefits as I see them beyond the pay:
No to and from work commute (I save two hours daily). Not having to drive in inclement weather (that just scares me, I don't miss that). No work clothes or uniforms to buy or keep up (how do I calculate that?). No eating out for lunch or even packing a lunch for work (save money there). No office politics or drama to deal with (priceless). Being able to schedule MD appointments and other things that come up and work around those without begging my "boss'" permission (again, priceless). Not having a job where I am standing on my feet all day (I'm too old for that anymore). Saving a bit of money on taxes using my home office for work (always a help). Being home and able to keep up with the laundry, housework and have a homecooked meal on the table at a decent hour (pretty close to priceless to me). Being able to watch TV or DVDs in the evening with my husband again and have family time and even keep my grandchildren for the whole weekend if I want (priceless to me). These are some of the things that make MT a better trade off for me than what I had before when I made better pay, particularly on those days when I don't. There is value to all of that to me.
Just my opinion.
I started at minimum wage.
When I started working as an MT, I was only making minimum wage(was an employee and they had to pay at least minimum wage if I didn't make my line count). I could have started working at the local hospital for $15 an hour, but I chose to stay home with my son and not have to put him in daycare, even if it meant I would make a little less. I am glad I did. Now after 11 months, I make $17 an hour and do not have to pay daycare, commute costs, or spend a lot on clothing (love to working in my sweats). I knew the minimum wage was temporary and that if I focused on my speed, I would get to where I needed to be financially. So while you may start out making minimum wage, you don't have to stay there.
Any good internet based companys to work for at all?
hello everyone,
I am a newbie...after reading these boards, I am left with the question... are there any good internet based trascription companies to work for?
and, if not, who is the lesser of the evils? i know each company has good and bad aspects, but does anyone work for or know of a company that they are happy with?
...or do i need to look for MT jobs in house?
Can you afford to work for minimum wage for SM
a year or more? AFTER your schooling. That is the reality. Even when you get proficient, you won't be making more than $15/hour for a few years after that also. Do you call that profitable? You will also be responsible for supplying your own internet connection every month and possibly your own equipment.
That wage per hour is a crock, no matter what! Look at the 3 recommended
s
Career Step grads - what was your starting wage?
Career Step grads - what was your starting wage? What were you offered in cents per line? How many offers did you get? How long did it take you to find work?
Thanks : ) -MKJ
I hope you're being paid a decent wage and not being
taken advantage of, which happens a lot.
Wow..how does that work. Your making $5 an hour. Didn't minimum wage go up? If you pay or line co
does not go up, I'd probably move on. I understand right now your probably just getting the experience but you work a whole day and make $40??? I'd be tempted to change jobs soon. I know personally I could not survive on $5 an hour.
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