Transcriber Needed - Potential for Part Time Employment

IN PROGRESS
Bids
32
Avg Bid (USD)
$18 / hr
Project Budget (USD)
$15 - $25 / hr

Project Description:
I am doing a market research project for my startup biography business. The business has a lot of interviews recorded in mp3 audio format that need to be transcribed into text. My goal today is to determine whether or not I can use Freelancer to find Transcribers at specific hiring rates. If you are hired for this project, there is an opportunity for long term, part-time or full-time employment. Here are the details of today's test project.

COMPENSATION:

For the test I have spliced together 15 1/2 minutes of random news reports - these need to transcribed into text. I am expecting to pay $10 for this very small test project. This translates into a rate of $0.65 per minute of recorded audio. For a decent typist who can type 50 words per minute - this should translate into an hourly work rate of about $15 based on the spoken rate of the news reports. For those who can type and transcribe more quickly however, the hourly rate would be higher.

If the pay rate does not seem reasonable, please suggest a bid. Again my goal is to determine the cost of using Freelancer to hire transcribers for my business so I can better calculate my product pricing.

REQUIREMENTS:

-Must be able to hear and transcribe an audio recording of spoken American English into text.
-Text must be delivered in an editable digital format (ex. Word, Notepad, etc.)
-Must have an accuracy rate of at least 99% - (no more than 1 error per 50 seconds of recorded audio)
-Only words need to be transcribed - extraneous noise, music, or non-word vocalizations (words like "um", "ahem", coughing, etc) DO NOT need to be transcribed.
-Transcription must be sensibly organized into sentences and paragraphs.
-Each speaker needs to be separated in the text by name and paragraph (for example SPEAKER 1: "words...words..." SPEAKER 2: "words...words")
-Project deadline is 3 days from acceptance.

-Native American English language speaker is strongly preferred for this project
-US Resident/Citizen and legally authorized to work in the US is preferred for long term employment

ADDITIONAL INFO:

This small test calls for transcribing only 15 1/2 minutes of recorded audio. Payment will be made only if and after the audio is accurately and fully transcribed before the project deadline. Partial payment for inaccurate, inadequate, or untimely work will not be provided. Please remember than there is an opportunity for long term employment.

Hours of work: Unspecified Project Duration: 1 - 4 weeks Skills required:
Transcription
Additional Files: 02-23-2013+NPR+Clips.mp3
About the employer:
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