Many have heard this and many use this as an excuse to send their work offshore.
It may be true for some industries. In others, like transcription, it is not. What may be true is that there are so many workers who have become accustomed to demanding rates and salaries that are no longer feasible. Now that does not mean they don’t deserve the pay they wish to demand. So what does it mean?
It means with the economy the way it is and the ability for so many to take the easiest, cheapest way and send their work offshore – even if the American people find the results sub-par – the workers have to adjust their way of thinking about work. Where five years ago you could charge someone $70 to 100 for an hour of audio, no one is making enough money to be able to pay that now, especially when off-shoring has become an option.
Do you want to work and earn money in one of the fastest growing industries, where you can prove your worth and work up to a level that is doable for both you and the client? Or do you want to sit at home and be able to view word boards, transcription forums, complaining about no work, low pay, and the demands of the clients that you do have?
In an industry where the majority of the workers are independent contractors, in essence their own business, the fact that many feel they can bash, dismiss, and essentially burn bridges with those clients that are allowing them to earn any kind of income is astonishing. In an industry where the quality of work is essential to the client, yet the IC transcriptionist will question the work requirements or ignore them totally, is simply not acceptable. Not to the private client, and not to the small business that utilizes ICs, such as myself.
Where once an IC could charge X amount for transcription, it just isn’t possible anymore. You are dealing with physicians who are being bled dry by their own economic drama and journalists, educators and other persons who may develop audio for transcription that are a cog in the economic wheel that turns slowly as well.
I have heard the IC blame clients for the lack of pay and lack of work, but in reality it is the idea that no matter what the economic situation on the world, some in the transcription industry feel they can demand a rate and have no understanding of what clients must do to stay within their budgets – and when I say clients, I mean the smaller transcription companies, the journalists, the educators, the students, and the doctors. Those that have the potential to work with us to bring back and keep the transcription jobs here in the US.
No one should work for peanuts. But when a newbie, someone just starting out, or a seasoned transcriptionist wants to keep working and earning money – taking a dip in the rate they may have asked for years ago while maintaining the quality they demand, is one way to insure you will remain working and the transcription needs of the client kept here in the US.
As a company that could easily offshore every bit of work I get and probably make more money than I do by not, I prefer to work with my clients to meet their budget demands, and as we prove ourselves, when the situation turns around, those rates will pick up – but until then, we are working, we are honing our skills, and we are growing. Sure my rates are a bit lower than the national norm to my clients, but they are on point with the national norm to the IC – even if on the lower level of that norm, and there is work to be done. It is the ICs that look back to even just five years ago, and think those rates are still obtainable.
I know that by being true, honest, and accommodating to the clients I have, they will be appreciative and be around a while. I find the same can be said about the ICs I utilize. I also know that without clients there is no work, and without the assistance of some absolutely wonderful ICs, I have no business. Being able to juggle the needs of both can be difficult. I do my best.
Having work today, in my opinion, is much better than having time to sit on web forum boards complaining about having no work, or the rate of pay you can garner from doing it.
Here at CLK Transcription, I would like to think that the respect I give my clients and those ICs that assist me with the workflow would come back to me two-fold – and it does. I love what I do and helping others find their way to loving it too, is a wonderful feeling.
There is lots of work, and there are lots of wonderfully talented, capable US transcriptionists willing to handle it.
Check us out. Find out why we come highly recommended. You will not be disappointed.