+- MT Forum India (https://mtforum.in)
+-- Forum: Jobs & Offers (https://mtforum.in/forumdisplay.php?fid=5)
+--- Forum: Home-based Openings (https://mtforum.in/forumdisplay.php?fid=20)
+--- Thread: Standard rates in the industry (/showthread.php?tid=1769)
Pages:
1
2
Standard rates in the industry - siby - 27-12-2013
Being in the industry for the last 15 years, I would like to share the present standard industry rates in MT.
The rates that are specified below pertains to MTs who are excellent in their jobs and are committed to achieve the target set by their employee.. not the freshers or laggards who enter the MT industry to get extra pocket money.
Also of note, since most of the MTs are now jumping into medical coding profession which is far less stressful than MT, the MT industry is facing a skilled manpower crisis where quality hands are very rare and if a person is able to deliver quality and also do more number of lines than a MT can normally achieve, he is sure to get rates that are in the highest bracket in this industry.
Rates for Editing only is 90 p to Re 1 for day shift, Re 1 to Re. 1.25 per line for night shift (depending on the target lines achieved)
Rate for Transcription is Re 1.80 to Re 2 for day shift and Re 2 to Re 2.50 per line for night shift (depending on the target lines achieved)
Now again, I would like to reiterate that this is for those who are excellent in their work and committed to achieve target.
For the rest or you in the field, there is no specific rate...depends on company to company or worst exploiter to not-so-worst exploiter
RE: Standard rates in the industry - sadurlaa - 28-12-2013
(27-12-2013, 09:48 PM)siby Wrote: Being in the industry for the last 15 years, I would like to share the present standard industry rates in MT.
The rates that are specified below pertains to MTs who are excellent in their jobs and are committed to achieve the target set by their employee.. not the freshers or laggards who enter the MT industry to get extra pocket money.
Also of note, since most of the MTs are now jumping into medical coding profession which is far less stressful than MT, the MT industry is facing a skilled manpower crisis where quality hands are very rare and if a person is able to deliver quality and also do more number of lines than a MT can normally achieve, he is sure to get rates that are in the highest bracket in this industry.
Rates for Editing only is 90 p to Re 1 for day shift, Re 1 to Re. 1.25 per line for night shift (depending on the target lines achieved)
Rate for Transcription is Re 1.80 to Re 2 for day shift and Re 2 to Re 2.50 per line for night shift (depending on the target lines achieved)
Now again, I would like to reiterate that this is for those who are excellent in their work and committed to achieve target.
For the rest or you in the field, there is no specific rate...depends on company to company or worst exploiter to not-so-worst exploiter
Hello very good post. Please also specify companies offering these rates. It will be very great on your part for people like me who are into this field for the last 12 years.
RE: Standard rates in the industry - Mohan Kumar - 29-12-2013
(27-12-2013, 09:48 PM)siby Wrote: Being in the industry for the last 15 years, I would like to share the present standard industry rates in MT.
The rates that are specified below pertains to MTs who are excellent in their jobs and are committed to achieve the target set by their employee.. not the freshers or laggards who enter the MT industry to get extra pocket money.
Also of note, since most of the MTs are now jumping into medical coding profession which is far less stressful than MT, the MT industry is facing a skilled manpower crisis where quality hands are very rare and if a person is able to deliver quality and also do more number of lines than a MT can normally achieve, he is sure to get rates that are in the highest bracket in this industry.
Rates for Editing only is 90 p to Re 1 for day shift, Re 1 to Re. 1.25 per line for night shift (depending on the target lines achieved)
Rate for Transcription is Re 1.80 to Re 2 for day shift and Re 2 to Re 2.50 per line for night shift (depending on the target lines achieved)
Now again, I would like to reiterate that this is for those who are excellent in their work and committed to achieve target.
For the rest or you in the field, there is no specific rate...depends on company to company or worst exploiter to not-so-worst exploiter
I have never seen such rates since 15 years now. Are these rates for direct upload/vendor/direct client. I agree with editing rate, but transcription rate is a bit confusing. Who is paying and to whom? Please don't mislead.
RE: Standard rates in the industry - siby - 30-12-2013
To set the records straight, I would like to mention that the rates mentioned above are for direct upload MTs who can both transcribe and edit, not for people in fancy positions like first level QA, second level QA, first level MT, second level MT, proof reader etc.
You may enquire with companies like Perry Johnson Outsourcing and I think there are a few posts in this forum who offer this money... for example, http://mtforum.in/showthread.php?tid=355... now you do not want me to spoonfeed you on that.. use your time to check old posts to find out companies paying those rates instead of complaining about the rates of other companies and using all useless words like vendors, brokers, retailer, stockist, direct, indirect, etc... these are all obsolete words used until some time ago to fool the MTs and suck out commissions at various levels by the businessmen. Thankfully, most these businessmen have deserted this industry during US recession and shifted to other business ventures, but still some remain who employ fresh MTs with least pay and care a damn about quality and keep on making money until the client in US kicks him in the back and withholds a month's pay as penalty and the businessman has no money to pay his MTs who are already getting peanuts.
as I have mentioned in my post, the highest bracket rates are reserved for excellent MTs who can deliver quality and quantity better than a normal MT - the best in the industry. These rates are not for MTs who still think that transcribing 500 lines direct upload per day is like climbing Mt. Everest and the editors who think that editing 1000 lines per day is the ultimate goal to achieve in life and those who like to only edit but not transcribe a single line.
The most important factor is that the talented MTs should come out of the mindset of most of Indians, which is that you can only have a secure job if you are working under some Tom, Dick, and Harry who wears expensive clothes, knows good English, has a degree from Harvard, has a big car, and employs a beautiful receptionist and a lot of people like HR manager, CEOs, COOs, CFO, CA, chef, baker, electrician, gardener etc, who are all relatives of the owner. I can still remember that in a company where I worked in 2003 as a QA before becoming a home-based direct upload MT, the owner's +2 passed brother was appointed as the production manager because he was not interested in higher studies and wanted to show he was holding a high position to his prospective bride's family. You can as well imagine the status of the owner, who I later came to know was also a +2 pass and started this company on the funds provided by his cousin who was in real estate and wanted to legalize his black money showing that he owned a loss-making company and escape from paying taxes for his black money. So, you can imagine the kind of people who are running this industry in India.
You should realize that these kind of owners suck your potential income to pay all the other people and also pockets a huge margin to maintain his car and family, since the only income generated in the company is from the payment of MT lines that are processed by the hard-working MTs while the rest of the people simply sit and enjoys a huge salary. Instead, you should work for a pure outsourcing company with minimal in-house manpower who I am sure will provide the above rates, and then work from your home, but they would be demanding on the quality and quantity aspects when giving such rates. I assure you that the only expensive thing you are going to buy is a good inverter, rest is all really inexpensive. The power cost and internet are not going to cost much and you can save a lot of time and money by working from home rather than rushing back and forth from home to the office in peak hour traffic.
RE: Standard rates in the industry - mtjobs - 01-01-2014
@Siby - What do u do ?
RE: Standard rates in the industry - Dillip Kumar - 02-01-2014
Hello Siby; thanks for this information.
Please provide me a reliable institution that offers good rates and if possible other facilities to the HBTs as compared to the in-house employees. I have been into medical transcription for 6+ years in which 2+ years as a DU and currently working as an HBT in DU status, but not satisfied with the rates they provide. I have tried a lot of companies, but have seen that they do partiality in terms of maping accounts, fixing salary or rates per line, etc., and I am really frustrated with this type of attitude. Once again I am requesting you to provide me an institution where my work will be justified and send me details to addd.dks@gmail.com. Thanks
RE: Standard rates in the industry - siby - 03-01-2014
(02-01-2014, 09:11 PM)Dillip Kumar Wrote: Hello Siby; thanks for this information.
Please provide me a reliable institution that offers good rates and if possible other facilities to the HBTs as compared to the in-house employees. I have been into medical transcription for 6+ years in which 2+ years as a DU and currently working as an HBT in DU status, but not satisfied with the rates they provide. I have tried a lot of companies, but have seen that they do partiality in terms of maping accounts, fixing salary or rates per line, etc., and I am really frustrated with this type of attitude. Once again I am requesting you to provide me an institution where my work will be justified and send me details to addd.dks@gmail.com. Thanks
You can try perry Johnson Outsourcing, SMGC bhopal, Lloyds, but again you have to be committed and achieve targets to achieve this rate. I think over the last month a few companies have posted Re 1 as editing rates for Escription.... you have a lot of options now. Again, there is nothing called partiality of rates...when you deal with a company the deal should be all above the table... direct rates and indirect rates thats all (again, its your talent when you go from non-DSP to DSP status). Don't deal with companies who use terms like probation period, trial files, orientation time for new software, first work as QA for 4 months in-house and then we will give you work at home status (which will never happen because they will stress you to the limit), client apprisal based incentive, diwali bonus, gift coupons for Cafe Day, food coupons, ticket for a movie, etc. Again, not all clients in US are above board. There are a lot of dubious people out in US who hold back money stating that quality is not up to the mark and just get the work done and make money. If you are confident and do give good quality, the rates should be applicable from day 1.
I may also warn you not to be overconfident and then give bad quality. If you are not sure you can do a good job, better start from a low salary, because if you goof up in quality, you will be immediately terminated from the job and the it is a difficult process to go direct again.
Again, I should also mention that increment for people doing on line count basis is a myth, it will never happen. So get the company offering the highest rate and your increment will be jumping to the next company who is offering a better rate.
So, its all in the game.. you cannot afford to be static.
RE: Standard rates in the industry - sadurlaa - 03-01-2014
(03-01-2014, 09:28 AM)siby Wrote:(02-01-2014, 09:11 PM)Dillip Kumar Wrote: Hello Siby; thanks for this information.
Please provide me a reliable institution that offers good rates and if possible other facilities to the HBTs as compared to the in-house employees. I have been into medical transcription for 6+ years in which 2+ years as a DU and currently working as an HBT in DU status, but not satisfied with the rates they provide. I have tried a lot of companies, but have seen that they do partiality in terms of maping accounts, fixing salary or rates per line, etc., and I am really frustrated with this type of attitude. Once again I am requesting you to provide me an institution where my work will be justified and send me details to addd.dks@gmail.com. Thanks
You can try perry Johnson Outsourcing, SMGC bhopal, Lloyds, but again you have to be committed and achieve targets to achieve this rate. I think over the last month a few companies have posted Re 1 as editing rates for Escription.... you have a lot of options now. Again, there is nothing called partiality of rates...when you deal with a company the deal should be all above the table... direct rates and indirect rates thats all (again, its your talent when you go from non-DSP to DSP status). Don't deal with companies who use terms like probation period, trial files, orientation time for new software, first work as QA for 4 months in-house and then we will give you work at home status (which will never happen because they will stress you to the limit), client apprisal based incentive, diwali bonus, gift coupons for Cafe Day, food coupons, ticket for a movie, etc. Again, not all clients in US are above board. There are a lot of dubious people out in US who hold back money stating that quality is not up to the mark and just get the work done and make money. If you are confident and do give good quality, the rates should be applicable from day 1.
I may also warn you not to be overconfident and then give bad quality. If you are not sure you can do a good job, better start from a low salary, because if you goof up in quality, you will be immediately terminated from the job and the it is a difficult process to go direct again.
Again, I should also mention that increment for people doing on line count basis is a myth, it will never happen. So get the company offering the highest rate and your increment will be jumping to the next company who is offering a better rate.
So, its all in the game.. you cannot afford to be static.
What are the rates offered in Perry Johnson. I have tried to get their contact details, but unable to. Please provide me their details and contact email address
RE: Standard rates in the industry - Mavrash - 05-01-2014
Siby, I have been doing DU for many years now, please can you tell me a couple of company names who offers Rs.2/line because such companies we get know mostly by word of the mouth.
RE: Standard rates in the industry - siby - 18-01-2014
(05-01-2014, 02:21 PM)Mavrash Wrote: Siby, I have been doing DU for many years now, please can you tell me a couple of company names who offers Rs.2/line because such companies we get know mostly by word of the mouth.
If you open your eyes and see, there are at least 3-4 recent posts on this forum giving such rates