The industry standard is biweekly. It costs money
Posted By: me on 2005-11-18
In Reply to: Any company pay on a weekly basis? - tlbee
to process payroll and unless they are a very small company and do payroll in-house it isn't cost effective.
The last time you asked, or the time before that, there were a few companies listed who pay weekly.
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I think the industry standard is using
independent contractors and you get neither vacation or sick pay.
I think this is probably the industry standard
.
An Industry Double Standard??
All of the posts about some potential blacklist started me thinking this week. First, let me say I don't think one exists, and I do think there is an informal network where someone any of us may have worked with might work at a company or whatever and information is shared. But here's my question.
While I don't believe in a blacklist concept, we DO seem to have that with employers here. So my question is, what's the difference? Why is it okay for MTs to say DO NOT work here... and it's not okay for an employer to say DO NOT hire this person... And I'm asking aside from the legal reasons of what can and cannot be given in a formal reference check. I'm talking about the informal network that we have in our industry.
The reality is, like it or not, all MTs are not created equal just like all employers are not created equal. And there is no one size fits all company or MT in our industry.
So what makes this different? Why is okay for MTs to blackball a company and not the other way around? I'm not asking for argument, purely curious about your thoughts on this. Thanks.
There is no industry standard for pay dates.
The industry standard is leaning more......... sm
toward the use of numerals rather than spelled out words as numerals tend to stand out more. The use of Roman numerals is also being phased out, except for things like cancer stages. I don't think Webmedx is cheating anyone out of lines by requiring the use of numerals.
As I said below, not every company is a good fit for ever MT. Why not just let this all go and find a company with which you can be happy?
Industry Standard Vacation/Sick pay
I am an at-home Transcriptionist for a major hospital system. As of a year ago, we have had our earned vacation/sick pay reduced by 15% of our hourly wage. We were told this is industry standard. Is this correct?
if you want to work for super below industry standard - go for it.
It's great money if you haven't ever had an MT job (EVER!)
Have done QA and trained folks and will tell you, not all experience is industry standard
x
The industry standard is NOT indepedent contractors. I wish people would sm
only post facts, not what they think, with something so important.
There are strict guidelines for ICs. Most companies have gotten away from that as it can backfire on them. Some companies have both ICs and employees, but most have moved to employees.
That costs them money though
If you are offered bonuses or anything like that based on your production then if they let you have more work, they just might have to pay you more! Not to mention if your not getting full-time hours they don't have to pay full-time benefits. Unfortunately, its business, and it totally SUCKS!
Phoenix MedCom biweekly! volume Bonus biweekly too!!
..
Biweekly pay
Are there any companies that pay biweekly instead of on the 15th and 30th, who then make you wait for two weeks for your check? Big services ought to be ashamed of themselves. When I was MTSO, the girls invoiced me on Friday and I paid them the following Wednesday without fail and I wasn't huge. I'm looking to supplement my income with what I currently make and hopefully get a check weekly.
MDI FL pays biweekly.
x
Any companies who pay biweekly
Add FutureNet to the list as well. Pay period ends Sunday, and checks are received the following Friday either by DD (they have a line count requirement for that), by snail mail, or by UPS.
IC Pay weekly or biweekly
Are there any companies out there that pay ICs weekly or biweekly. I just lost an account to EMR that paid weekly. I don't want to be paid twice a month. Thanks.
Long time MT
Precyse pays biweekly......
x
DeVenture moving to biweekly pay.
I just went through and changed all my auto payments since we are moving to biweekly payments. Just wanted to remind those of us that had that weekly DD!
Futurenet pays biweekly...nm
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How does Keystrokes pay - biweekly, twice a month??...
x
I thought I saw a post somewhere that says they pay bimonthly and not biweekly. Can anyone
s
Does FutureNet pay biweekly and do they have direct deposit? TIA
xxx
2 small MTSOs, IC, work 8-10 q.d. ~6 days a week, ave 2000-2300 biweekly, 10 yrs exp. 0.06gross and
;
Amherst so we make less money and they get more money for MQ and bigger bonuses. Our guidelines came
from Amherst.
The company takes the money out of your salary, before they cut the check. It is your earned money,
:+
It's about "money, money, money, mmmoonnney. Singing The Apprentice song.
:{
yep, gotta spend money to make money. NM
.
So does yours. Perhaps you need a basic money class to learn to keep money. sm
I am off today and appalled at reading the posts on here.
Are you always this bitter? Do you have a family and friends who are safe and healthy? Count your blessings instead of being so angry and you might see that this is not a bad field to be in. It has kept food on my table for 27 years and will continue to do so. Is it harder now? You bet, but it is not impossible to make a good living of $50,000. You just have to work hard, give it your all and appreciate the good companies that are out there.
If I were an MTSO, I would find out who all these people posting such bitter posts are and find replacements for them a.s.a.p. Negativity spreads like poison, and with the world in the state it is, we should bond together not make it worse.
Money is not the root of all evil, the LOVE of money is. nm
x
Costs
Single cost is low $40s per pay period. Employee + Child is almost $140 per pay period.
Costs
I thought this was a bogus post about costs involved. I had never heard of such. Why do people feel the need to just make up things that are not true? Is it because they don't like the positive feedback that Keystrokes is getting and they are trying to head people off to their place where nobody wants to work once they catch on? Keystrokes is a good honest place to work, please quit stirring the pot.
VR costs
What nobody seems to be talking about is the burgeoning IT department that VR creates. So you save money by paying your editors peanuts but you must hire a bunch of highly paid IT people to babysit the software.
insurance costs
Between $100.00 and $125.00 per month for medical for single coverage, with kids about $300.00 or so. Dental is extra, 401K, DISCOUNT eye program (not vision coverage)
Equipment costs?
They sent me a footpedal and give the license # to use the Expander program. I would never had accepted a position with them or any other company with this much of an investment, I don't think anybody else would have either. This is just ludicrious and I don't believe it.
Yes, I could get satellite but costs way too much
nm
The answer: CUT COSTS...
Some CFOs even request MTSOs that oursource because they charge lower rates.
start-up costs for equipment
What are the start-up costs (ballpark) for newly hired home transcribers?
A local cc (NC) costs about $1200. The
local state supported 4-year university now offers an on-line MT program too and I think it is about $1800.00. The cc arranges internships and helps with job placement, don't know about the 4-year school as it is a relatively new program and I am not familiar with it.
...or at least an email in appreciation. That costs nothing. (NM)
//
BBB - I think it costs $9.50 to make a claim now
Check the BBB internet site.
Deventure insurance costs
I think I read somewhere that Deventure has Blue Cross insurance? If so what is the cost for single and also family? What is their lpd requirement? TIA!
It costs the CMT megabucks to maintain sm
that certification that the regular MT does not have to incur. (I'm an ex-CMT, too.) Believe me, that extra money helped pay a fraction of those expenses.
Costs associated with accepting a position do not sm
include purchasing MS Word or medical spellchecker. Keystrokes provides the platfom for the account you are on and if you do not have Shorthand, they will provide it for you.
Some accounts do require unlimited long distance, but I have it anyway as I have 2 college students out of state and a teenager. I went with my local cable company and can call anywhere any time. It is less than my regular phone was.
I'm glad you are happy with your decision, but if you look in the future for another job, don't count KS out as they will work to help you get what you need and the account that best suits you.
I agree- avoid TTS at all costs (yours)
.
MTSO Costs Are Not MT's Problem.
and at-home MTs have to pay mortgages, tuition, taxes, utility bills. We have to pay for our own computers in most cases, and we have to pay for our telephone bills and our internet connectivity. We have to pay for our foot pedals, our C-phones, our headphones, our ergonomical equipment to preserve a healthy workplace, printer ink, fax phone numbers and machines, electricity for our home offices, thousands of dollars worth of reference books and reference software, and Expander software . . .
need I go on? I don't think so.
Hospitals cutting their costs - where do
Don't kid yourself voices are not being heard.
That would be for standard
transcription, editing is less.
The standard used to be.. SM
10 lines for every minute, so if that still stands, then that would be correct
60 = 600.
WE CAN SET A NEW STANDARD!!!!!
All right, calling ALL MTs!!!!! It's time for a very, VERY important step in getting our industry back in line with the skill set it takes. From now on when looking for more work or a new job, JUST SAY NO! to low line rates. If we keep letting them jerk us around and try to pay 1990s wages, they'll keep doing it. There are enough of us here to start the ball rolling in the right direction, and if we don't, we might as well get a job at McDonalds!
It's time to set some standards that are realistic for what we bring to the table. If you have 5 to 10 years of experience, 7.5 to 8 cpl should be the rock bottom. At 10+ years 8.5 to 9 cpl should be the standard, etc. MTs UNITE!
NOW HEAR THIS, MTSOs...it's time to start bidding work higher because within the next year, you'll have MTs who will only laugh and ask, Are you SERIOUS!??? if you try to offer us the wages we were making 20 years ago. I mean come ON...no one in their right mind works for less money than when they started out way back when.
Fellow MTs, it's up to us to change the industry standards. If you aren't up to the task to be proactive, it's time to stop whining and take the beating. I don't think any of us professionals are willing to do that...at least I'm not!
300-400 lph standard?!
I am in the same boat you are, I can type standard at around 240-260 on a good day. I also do VR and can do up to 500-600 lph but VR you get paid much less.
All in all I like standard much better, it does hurt like *&%$ at the end of the day but time flies by for me and I have a chronic problem of boredom when I work VR and I keep checking the clock and my lines just waiting to be done.
I make the same whether I am doing VR or standard, trust me, I have checked, I just earn more with standard because I get in a zone and type like a madwoman and like I said, time goes by very fast which I like.
VBC Standard
Katherine, I am just passing on information in case there are those MTs that have not heard of VBC. You are not expected to do anything. This was merely an informational memo. NO PAY CUT NO ADDITIONAL ACCOUNT, Just trying to do a good thing by giving info where none might not be available. Thanks Linda
No, it is not standard. Those are
the crappy companies with horrible pay. 2-3 cpl is most definitely NOT the standard. Geez people.
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