Hourly Rate for One Transcriptionist:
$
Overtime Hours–weekly:
$
Overtime Amount
(@ 1.5x)
:
$
Weekly Pay w/OT:
$
Monthly Pay w/OT:
$
Employment Benefits
FICA:
(Calculated at 7.65%)
$
Federal Unemployment:
(Calculated at 6.2%)
$
State Unemployment:
(Calculated at 3%)
$
Workers Compensation:
(Calculated at 2%)
$
Health Insurance Cost:
(Employers Share)
$
Other Benefits (401(k), ESOP, PSP):
$
Two Weeks Vacation:
(Prorated by Month)
$
Five Days Sick/Personal:
(Prorated by Month)
$
Ten Holidays:
(Prorated by Month)
$
Sum of Benefits and Taxes:
$
Total Monthly Payroll Expense:
$
Actual per Hour Rate:
$
↓Summary Totals Below↓
All totals are based on national averages. For a customized cost analysis, please
contact us
Monthly Office Cost for One Person
Working Space:
(36 sq.ft. @ $17 per)
$
Office Equipment–Personal:
(Computer, Furniture, Fixtures.)
$
Office Equipment–Shared:
(Printers, Copier, Fax, etc.)
$
Office Supplies/Refreshments:
$
Monthly Office Cost:
$
Recruiting and Training
**The average length of employment for a medical transcriptionist in the United States is 31 months**
**Manager's/Trainer's salary calculated at $45,000**
Recruiting Cost:
**
Prorated over 31 Months
**
$
New Hire Training:
(8 hrs Employee + 8 hrs Manager's Time)
**
Prorated over 31 months
**
$
Training-Monthly:
(1 hr Employee + 1 hr Manager's Time)
$
Managing
Management Cost:
(1/2 hr of Manager's Time per Day)
$
Miscellaneous Monthly Managing Expenses:
$
Month Summary:
Total Monthly Cost:
$
Total Cost per Hour:
$
Lines per Month:
$
Cost per Line:
$
