6 Reasons Why You Should Outsource Transcription Needs

Transcription is the process of converting a video or audio material into a text document for accessibility, indexing or archival purposes. Transcription techniques can be used in various fields including business, academic, medical, law enforcement etc. From financial institutions to market research companies and legal firms, now organisations of all types opt for professional transcription services.

In fact, television production companies, academic institutions and even publication houses opt for this service to address their various transcription needs. It helps entrepreneurs and leaders to save their time and effort. It enables them to focus on their core business. In fact, there are several other reasons for which you should consider outsourcing your transcription needs. Check out here the six of them.

1. Speed and Accuracy

Transcription companies hire highly skilled professionals who have typing speed above 80 words per minute (WPM) at a high accuracy. In fact, most of the cases they offer over 99% accurate result. This is the main reason that enables them to offer the best online transcription service. Your in-house team won't be able to deliver the same result as fast as a professional transcription company. So, this is the first reason for which you should consider hiring a transcription firm.

2. Editing and Proofreading

Transcription is not just listening to the audio and writing down the words. It is the process of converting the entire audio or video file accurately into a text format. Apart from just the transcription services they also offer editing and proofreading services. It enables them to present the document in the best way possible.

3. Cost Effectiveness

Most of the people think that it will increase their operation cost if they hire a professional company to outsource their transcription needs. But in reality, the scenario is completely different than what they think. By hiring a professional service provider, you will be able to save your company from a long term commitment than hiring a full-time employee for the same purpose. All you have to do just request a quote for your job and pay for the service that you required. If you look around, then you will easily find companies that offer flexible plans that will meet your needs in your budget. So, overall it is fair to conclude that by outsourcing your transcription needs you will be able to save your money.

4. Save Effort and Resources

You might have already understood the fact that if you hire a professional transcription service provider, then you don't have to pay salary to them. You also will be able to save office space, computer, furniture and electricity. So, it is easy to understand that you can save resources by outsourcing your transcription needs. After outsourcing your project once, you don’t have to look after it any more. Within the deadline, you will get the accurate transcribed file. So, in this way, you can save your time and effort also.

5. Get Free Time

After outsourcing your transcription needs, you will get plenty of free time. You can spend it on more important work. You can also use your free time to spend with your family. It will help you to bring work-life balance and enable you to achieve your wellness goals faster.

6. Reduce Burden

Outsourcing is an easier job than appointing someone new. If you want to hire a new member in your core team then, the HR department has to spend a lot of time in shortlisting the profile of the best candidate. They also have to focus on his/her training and supervising. However, if you manage to outsource your needs, then you will manage to save your HR department from these burdens.

So, these are the six reasons for which you should consider outsourcing your transcription needs. But before making your final decision, you should check the rates for transcription services. It will help you to make a smart hiring decision.