You will be required to have your own equipment at your home office. Dependent upon the company, you can expect to invest in the following items: efficient computer, telephone line, headphones, word processing software, and a foot pedal. Most transcription jobs are hired as independent contractors, but the transcription company you sign up with will determine whether you are an independent contractor or an employee.
Transcription Facts (Bureau of Labor/Statistics):
- Employers prefer medical transcriptionists who have completed a post-secondary training program.
- According to the Bureau of Labor and Statistics, employment of medical transcriptionists is projected to grow 14 percent from 2006 to 2016.
- Wage-and-salary medical transcriptionists had median hourly earnings of $14.40 in May 2006. The middle 50 percent earned between $12.17 and $17.06. The lowest 10 percent earned less than $10.22, and the highest 10 percent earned more than $20.15.
There are medical, legal, and general transcription positions available. Most medical transcription jobs require experience or completion of medical transcription courses. Visit AHDI, the Medical Transcription Association website for information and where to find online classes.
Here is a list of online transcription companies. Check with each one you are interested in to see if they are hiring and what their requirements are:
CyberDictate.com- Accepting Legal Transcribers as of 10/13/09
Escriptionist.com- Now Verbalink
ExecuScribe.com- Medical and Corporate
GMR Transcription Services
Mountain West Processing
Verbalink- Formerly Escriptionist
Way With Words- (International)
So how do I know which company is best for me? Your gonna have to check out each company and see which is best fit for you. They all have various requirements, some hire entry level transcribers, some don't. Some require 1 year of experience, others require 3+. Choose the company that is right for you.