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Ohh, someone gave formula for figuring out

Posted By: wpm the other day. Might try search function. on 2008-01-23
In Reply to: I am filling out a job app and they want transcribed words per minute. - ThankfulMT

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for what god gave her in beauty, the devil gave her in insanity.
she is one scary chick to be raising kids.
I'm already figuring out what I can do to help once it passes. sm
I will give $ to the Red Cross, and I'm wondering if there's anything else I'll be able to do from where I live (FL) to help. I've got a pile of clothes that was going to go to the resale store or Goodwill that I'm going to hold onto and see if anyone around here will be taking donations of such to go up there. I lived through 3 hurricanes here last year and am grateful I made it through, I simply have to help for this one. I've been to N.O. several times and love the city, and will be heartbroken to see it under such destruction.
Doing some figuring on your production

If you do 3000 lines per day as you say you do and for example it's all VR at 0.03 cents  per line that's $90 for a day's work.  So you would make a little over $11.00 an hour.  It would be $15.00 an hour paid at 0.04 cents a line.


Not so hot.  I predict VR will cause MT wages to decline at current pay.  I've been doing VR for over 2 years and it is not over twice as fast as typing in general.


 


Please help with figuring out cpl difference?
I was offered a position with a company that offers 8 cpl per line including spaces for IC, and 7 cpl for employment status.  I am currently working as an IC with another company at .065 cpl.  I was wondering if anyone could tell me if I would be making a considerable amount more by taking the new job as an employee, since they would pay my taxes for me-or should I take the job as an IC and take care of the taxes myself?  I know that this may be a personal preference issue...but I am leaning toward taking the lower cpl amount just so I don't have to worry about the taxes I would pay quarterly.  Any opinions would be very much appreciated!
Figuring time for invoicing...

I need an easier way to figure time for invoicing.


For example:  An audio is 33 minutes and 31 seconds and the rate of pay is 60.00 per hour. 


It takes me forever to figure the correct amount to invoice.  Any suggestions to make it easier for me?        


Figuring line rate

Hello my fellow MTs, all of whom seem to be so much more knowledgaabe about  online transcription.


I have repeatedly tried and tried and cannot figure out how to calculate what a 65-character line is and how to figure out your earnings.


Does anyone have any advice about where I can look this up?


Thanks!


Challenged once again.


If I am figuring it right, its about .0657 a line, not good - sm
I am going on the premise that a word is considered 5 characters (you should ask them what they consider a word), so 1000 words would be 5000 characters/65 = 76 lines. Take 5/76 and you get .0657 a line...also are spaces figured in, from the sounds of it I doubt it. Ask questions.
Do the math. I am figuring on a 65 character line with spaces. SM

Getting credit for headers and footers or not, doesn't make much difference in the math.  It's simply not possible.  Even if you figure she gets 10 free lines per report for headers and footers, she still would have to type 300 lph for 10 hours a day and her hands would virtually never have to leave the keyboard!


Her pants are on fire!


I just gave notice at my job and all I gave them was when my last day would be. SM

I don't think they even cared why I was quitting.  I called the supervisor to tell her in person and she simple said "I need it in writing and when will your last day be".  Personally, I like things quick and painless. 


formula
take the character with spaces number - divide by 65 and mutliply by your rate (0.11)- this would be with spaces - for without use the total charater count - use only after you save your work to ensure all characters are counted.
what is the formula
for a straight line count that MTstars program gives you - when I do - tools - properties - line ocunt is is much different - what is the formula used in the program - I thinkI may have been jipping muself.
formula
Divide your lines per hour by 60 then multiply by 15.
i.e. If you type 240 lines per hour; divide that by 60 = 4; then multiply 4 by 15 which would equal 60 words per minute.
I used that formula too for $.059 per line
xx
I think you must have their formula backward.
They probably divide the total by 15 to come up with your 30 minute production rate, then multiply that  by 2 to average out for 8 hour day if you are paid by the line or incentive program.    What you are saying makes no sense and would be a detriment to them in any type of worker dispute hearing. 
Formula of dictation
Depending on the dictation and your experience, the formula I have always used is: 4 minutes for every 1 minute of dictation or 225 lines minimum an hour.  It is usually required that a Transcriptionist do 100 minutes of dictation or 1,000 lines a day if you are working full-time.  I know some do less and some do quite a bit more.  I do anywhere from 1500+ lines a day.  I hope this helps.
this is equal to a very old formula
Back when documents were produced on typewriters, formulas were created to define the average length of a line. It was defined as 10 words with spaces, with the average word being 5 characters - thus 55 printed characters per line.

All the ad your reading is saying is that they will take all the visible characters you produce and divide it by 55 to decide your final production at the end of the day. It does not include bolding, underlining, hard returns, spaces, etc., as had been defined by the old AAMT.

The new AAMT/MTIA whatever it is called monster is redefining a line as only characters you see and this ad is embracing the new definition and defining 55 visible characters as a line. A 55 visible character line is approximately equal to a 65 line that includes spaces - but I bet they are not going to compensate for thespacesyouneedtoinsertintotthelinetomakeitreadable.


there has to be some sort of formula out there
to count the lines minus the headers and footers.
QA score formula
Can anyone post formula for figuring QA score.  Thanks!
Formula for calculating lines?

Can anyone give me the formula for calculating lines rates? I need to know how much (money) is made if I transcribe 15,000 lines at 8 or 9 cents per line. Also, about how many pages is 15,000 lines (I know that each page will be different in lines for live transcription, but I'm looking for a ball park figure.) It's been a while since I have been on this payment format.


 


Formula: Dictation Minutes x 3 = 3 hours
That's always been the calculation -- a ten-minute report will take 30 minutes to type... one minute = three minutes, etc... Depending on how slow the doc is, though, you can really speed him up and sometimes type real-time.
I used to use MK foundation, but they changed the formula and now I'm allergic to it.
It makes my eyes water and I can't wear it any longer.  I haven't found a foundation that I like as well as the previous MK formula.  I wish they hadn't changed it.
Formula is: Characters PLUS spaces / 65 = lines. (nm)
nm
I worked for a local hospital that used the same formula for our incentive pay.
x
127 if based on 65-char line (8243 divided by 65 is the formula) nm
c
People should have powdered formula/mild. Mix it up one bottle at a time.
x
Powdered formula/milk sounds like a good solution.
However, if you're out of a clean, nonpoluted water supply for over 2 weeks, with no resources available to receive such in the foreseable future, I don't believe even this alternative would suffice! Powdered formula needs to be mixed with something. The only alternative I could imagine available at this point in time would be urine, if you yourself were not totally dehydrated. If you were totally dehydrated & not producing urine, what is your next suggestion?
Honey Bee Wax, microwavable formula, sold at Sally's Beauty Supply for $9.99 (plus the strips for
sold at Sally's Beauty Supply for $9.99 (plus the strips for $9.99).
someone gave me a tip...
to make it larger, maybe it will help make it smaller:  Ctrl and scroll on mouse to adjust  -  any help?
you gave me an idea about E-bay...sm
I'll go check it out, but is it easy to sign up to sell something? What kind of account(s) do you have to have (Pay Pal, or will they send you a check?). Let us broke MTs know.

Congrats on the saved backside! We've all been there; in fact, I'm right there with ya!

Thanks for the E-bay suggestion!
MedQuist gave what they can
I also am in agreement with what Medquist did was great!

It doesn't matter what we think or feel, it is what the people receiving that money feel, and they are grateful! That is a lot of money in anyones eyes. Common sense should tell you that you only give what you can and if 20,000 is what MedQuist could give then that is not worth picking apart.

The points being brought up about how MedQuist just spent millions on legal fees should say something right there, they still gave didn't they? YES SIR!

No gripes here for the amount that MedQuist gave:)
VR would be better if they gave MTs the machine and
So the machine only has to get used to our sweet little voices instead of these speed demons and speech impedimentalists. 
I gave up proofreading...
when it became clear that  I had to move fast to produce reports in bulk  in order to make my production requirement as well as a decent hourly wage ($20 to $25 which I feel is fair for this type of work).  My feeling is that if that MTSOs wanted error free reports they would pay by the hour and not by production.  Most places which say they want 98% accuracy get this figure from a  random sample of reports sent to QA.  If you were falling below this consistently, and I am talking gross  mistakes in the reports, hopefully the service would hear it from the dictator, who has the ultimate responsibility for ensuring his/her  work is accurate.   
I don't believe that. God also gave us free will. nm
x
It all hangs on what you DO with what God gave you.

I gave the tip about using control+K
for command entries.

I purchased ShortHand and it is in the instruction manual that came with it.
Thanks to all that gave info:)
j
I gave them about 6 weeks.....
I kept thinking it would get better and after about 6 weeks when it was getting worse I just quit.
I really like the ideas you gave here
I, for one, am about to freeze my tush off this morning but I just came into my room to check email and such before any work today. The one I like the most, I think, is about the lap throw. I have seen the electric blankets but am not really sure about this. Is this a Wal-Mart item also? As I want to see any outside activity, sit in front of a really big window with the shutters open so that let in some of the cold, keep space heater going at my feet because like you, want to keep costs down in the rest of the home. Only 1 here most days and do not need to heat up this great big place. Thanks for the hints.
I just gave up IC for employee sm
My kids grew up, I paid off my house and I don't have enough expenses personally to itemize. What happened? I got screwed! Last year my taxes were $11000. I am expecting about the same this year.

What happened is that that is such a significant part of what I make that I was financially strapped. I have literally been saving for my taxes FOREVER to mount this kind of money up to pay them and it is the same every year. No expenses much, can't make less income because I can't eat, can't make more because well, I type enough!

I made excellent money last year. All my friends made 1/3 to 1/2 of my income for 2007. They all got newer cars. They all had some sort of a vacation. They all could go out to dinner once in a while. My vehicle is 15+ years old, but runs. I have not had a vacation in 10 yrs and I can't afford to eat in, let alone eat out. I buy my clothes off the Walmart $3 rack because that is the only way I can afford it.

For having no mortgage or rent, being VERY frugal and careful...I have no money and no life. I will never be an IC again.
Gave me the giggles!!! LOL!!!
LOL...wicked giggles...kinda makes me wonder if the above MT can bring themselves to type the terms for private parts...or are they offensive also? One could wonder...hmmm...Please forgive me, I truly mean no offense, I just could not resist. I have a nice set of horns to counter your halo.

On a professional note, I too believe that if it is stated, it should be type. Those types of direct quotes help indicate a patient's character and/or state of mind. They are a very important part of the medical record and should never be left out unless specifically asked by the client!

People...please do not take offense, I have a truly wicked sense of humor is all!!! LOL.
Probably. I am an IC and my MTSO gave
me a copy since that is what they use. I used to use the counter in MS Word before that.
I don’t think she gave the impression
of working for a MTSO. I personally thought the amount she was saying was that she did have her own accts. The question was how much you make, not whether you were your own boss or working for others.
You gave notice to your old job w/o knowing
what your line rate would be? Am I understanding that correctly?
I dont know what gave you such a bad attitude, but i am sorry for
you. Maybe you could talk to someone about it. You seem very angry. :(
I can't believe James just gave up and walked off.
Doesn't it make you wonder what he's thinking???

Still rooting for Kaysar. He just got back, he must figure he needs HOH.
OMG. You just gave me an awesome idea!! (sm)
My schedule/routine is EXACTLY like your husband's, or it was until my son's girlfriend started "living" here. Long story, but it's ending soon as she is returning to college in a week.

It totally threw me off because she sleeps on the couch (they are both over 21, but "house rules") which is where I used to sleep, so now I have to sleep in my office/bedroom (but I hate to blank where I eat LOL). Also, much more activity because they roam about the house during the day (he works evening shifts) and I am constantly hearing doors close.

Which brings me to the brilliant idea I have thanks to your post!! I am going to get EAR PLUGS or something similar. Even though she'll only be here for another week or so, I'm sure she'll visit on occasion... but I definitely need SOMETHING to get me through the next week!

thank you thank you thank you!
Hmmm, you signed nothing. Maybe they gave you this one
:)
DOG...yes, he gave about 1-1/2 hr presentation. Interesting.
nm
Whoops! DH gave DD the car (sorry for the confusion)!
What happened was that I thought a second hand car was fine and she should pay for it like I did in high school but he said, "Are you kidding? You bought your own car in high school in 1975 when it cost a couple hundred bucks. If she bought her own car now she'd need a loan for the friggin' thing. It's just not possible anymore for kids to buy anything like that from a minimum wage job at the Dairy Queen, plus if by some act of God she was able to it would be a piece of junk and unsafe."


Amen. We gave up buying for the whole
extended family years ago. Now we buy for our nuclear family and parents. My children are grown now, so we spend less now than we did when they were small.
No one ever gave me 2 weeks notice when I was let go
so why do we owe anyone this courtesy?