Of course, turnaround times, like transcription rates per audio minute or transcription services rates per hour, are easy to figure out. This recent article is a quick guide to help organizations navigate the industry, but as a best practice, it is recommended to compare turnaround times alongside transcription rates when choosing providers. Expect to pay different rates to individual transcribers, agencies and software companies, as each option offers different turnaround capabilities. Mainly, how long it actually takes to transcribe accurate audio. Many factors can impact the turnaround time. It’s not rare to see the price increase the faster an organization needs the transcription submitted, with same-day submission being the highest rate. Transcription services rates are often impacted by turnaround time. When comparing transcription rates of different transcription service providers, understanding what’s included in the price can help make decisions that fulfill the organization’s specific needs more accurately. What Impacts Transcription Rates: Important Factors to Consider For a full audio hour to be transcribed, organizations would need to book a transcriber for four to 10 hours. It’s important to note that transcribers cannot transcribe a full audio hour in one hour of work. The lowest we’ve seen was $15/hour, and the highest was $50/hour. Unlike “per minute” rates, transcription services rates per hour represent an hour of a transcriber’s work. When transcription rates are presented “per minute,” the intention behind them is “transcription rate per audio minute.” Common Transcription Rates Per Service Hour Instead, what this rate structure talks about is how long the audio or video file is. However, just because minute rates are quoted, it doesn’t mean an organization now needs to track its transcription service providers’ work minutes. “Transcription rates per minute” is a common rate structure. Common Transcription Rates Per Audio Minute To make it easier, the following are the common rate structures, and what organizations can expect to pay. It’s easy to get overwhelmed by all the different structures of transcription rates in today’s market. How Transcription Rates are Structured & What Prices to Expect Therefore, the following quick guide is all about the most common payment structures, what transcription rate per minute and transcription rates per hour organizations can expect to pay, plus what exactly goes into those rates, so you can ask the important questions and choose a transcription company that actually offer the best service for the best rate.
In today’s world, organizations are inundated with a wide variety of transcription rate structures, which makes it challenging to compare one service provider from another.
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