What’s the going rate for transcription services
For professional North American transcriptionists, expect rates of $1.50-3 USD per audio minute. For highly difficult or specialized material, this rate may increase.
Rates of $1 USD per audio minute or less suggest a company is using overseas typists, even if they advertise as North America based. It may also mean the company is feeding audio through voice recognition software rather than using human typists.
As with most things, there’s a trade-off between cost and quality.
Accurate transcripts are always ideal, but they’re especially important under the following circumstances:
Transcription is the process of converting audio or video into text. It may sound simple. But it can be tedious and time-consuming. Low-quality audio and video can also be challenging to convert. Transcribed texts are valuable to organizations. They serve as a form of documentation.
The Philippines has a vast pool of transcribers. Most are employed under BPOs like Magellan Solutions. They churn out transcribed work for your organization as you need it. Outsourcing transcription services gets the job done quicker.
Listed below are our general transcribing services:
Every word, noise, and laughter captured in the audio or video must be transcribed and time-coded. This is one of the most difficult ones because there is a possibility of having garbled sentences in the file. This is also the most expensive. It requires a lot of skill, along with advanced software. Often used for:
Transcribers are given more freedom with this. They can omit certain parts as long as the essential idea is still intact. This type of transcription requires transcribers to know what the file is about. They are also further required to remove clutter in the form of background noise and garbled sentences. Often used for:
Requires plenty of analytical skills. It’s less about transcribing and more about getting the gist of it and communicating it through text. The output doesn’t need every word, sentence, or noise. This focuses more on editing and less on the transcription itself.
Among BPO outsourcing firms, one of the earliest and most common non-voice services was transcription. This has become a common aspect of life in a number of industries. But businesses in the media, legal, and medical fields are more likely to seek outsourcing options for their transcription needs.
Have you decided that a trained human transcriptionist is the best option for you? Magellan Solutions is the perfect partner!
We want to extend our services to small, medium, or even large enterprises. So fill out the form below to get a free 60-minute consultation.
Contact us today for more information.
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