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Working IC status - miffedmt

Posted: Sep 24, 2013

I'm really new at working for an MTSO, having had our entire dept outsourced to Nuance in 12/2011. Worked for Nuance for a year and made NO MONEY (they sent all the good stuff to India) and now I have the opportunity to work for a company that pays by the minute (1.06/1.26). Just wondering if this is a livable wage? Will be working for a hospital in Louisiana. Any thoughts?

audio minute - depends

[ In Reply To ..]
In my experience, an audio minute takes about 3 minutes to type. So pretend you have 30 minutes of audio and you spend 90 minutes typing it. Thirty minutes of audio at $1.06 per audio minute = $31.80. You'll make a little over $10.00 an hour. Remember you have to pay 33% of that in taxes, so really you'll only make about $7.00 an hour.

audio minute - justme

[ In Reply To ..]
Your math is off. $31.80 for 90 minutes doesn't equal $10 an hour. I think you did it as 30 minutes in an hour, not 60. I may be reading it wrong as well, but I think typing she is getting 1.26 and ASR is 1.06.

I work by the audio minute. At first I was hesitant, but because of the dictators I deal with, I actually make more money than I did getting paid by the line. It takes me about 4 hours to do 100 audio minutes of ASR.

So 1.06 x 100 = $106. $106 for 4 hours equals $26.50/hour.

Typing takes me way longer and I definitely don't make as much that way.

If you have fast talkers working by the audio minute can cost you. If you have dictators who stumble around, leave lots of pauses, and talk slowly, getting paid by the audio minute can be beneficial. I actually prefer the long dictations now because I don't care if that 10 minutes of audio is by a horrible dictator that only results in 20 lines.

JustMe is right - I miscalculated

[ In Reply To ..]
You should go by what JustMe said. I don't know how I got so far off.

Everyone calculates different. - factor everything

[ In Reply To ..]
I personally would just calculate how much for an hour of dictation and divide that by your own personal ratio, 2:1, 3:1 or 4:1. Everyone is different. You also have to factor in no benefits and do you have to learn new software? That could slow you down at first. Good luck.

IC status - miffedmt

[ In Reply To ..]
Thank you for all your responses. I'll give this a shot for a bit to see how it goes. Would rather get paid hourly, but that's going down the tubes along with the industry unfortunately.

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