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MT India Digest - http://groups.yahoo.com/group/MTID *Always do right. This will gratify some people and astonish the rest..... Mark Twain* ============================================ MT India Digest Moderated Discussion List "Effective MT Forum" ============================================ Published by: MT India www.MTIndia.org Moderated by: Amit Chatterjee,SM
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.................................................. July 18, 2002 Digest #083 .................................................. .....IN THIS DIGEST..... ======MODERATOR COMMENT ======= -=Offline Networking - MTIndia & beyond=- ~Maj (Dr.) Amit Chatterjee, SM =============NEW=============== -=Poaching=- ~Seema "A new approach... " ======MODERATOR COMMENT ======= Dear MTIDers, Sometimes it is of essence to interact offline, and that's what MTIndia has been doing for the last two months. This needs to be an ongoing process, in the meantime let me bring you to date. We are interacting with both business owners and MTs, here is the perception: Contrary to what I keep "getting told", there are MT companies who are satisfying clients, making money and retaining a happy work force. There is an MT company who is crossing 75,000 lpd with 110 MTs in one shift! They have clients who paid them over 8 cpl. Surprisingly, non of these MTs are extraordinary people. They are all average, normal people like you and me - ones you meet in corner tea stall. No, they are not paid in dollars. No, they do not aspire to migrate to the US. They are happy churning out their work day in and out in an ambient workplace, and getting paid for it. There is another company crossing 25,000 lpd with 28 MTs. And no, this is not a yarn I have woven - like I said, there are times when you need to see to believe. A flash in the pan - I don't think so! Besides some high performers, there are those who would like to earn, but not loose sleep - there are at least 40 companies in Bangalore and Hyderabad alone, who are churning out more than 20,000 lpd with 40-50 employees. I would say they are all viable business models, slow and steady, and are here to stay and grow. And I have just covered two cities! What is the one point of difference between these companies and the others who collapsed? Management - that's it. Period. The other variables were even for all. As I talk to those who made it, I see a common understanding - they all believed that progress in life is accomplished by doing the basics right - the "little chores day by day". Success is never instantaneous - in any field of endeavor. This whole business has been one long learning curve for us over the past four years - seeing what works and what doesn't... like the lessons of life itself. What did the business owners perceive? Firstly, we need to differentiate between two types of businesses - those that are making money on transcribing, and those that are comprehending how to. It is logical to conclude that any business needs to go through an incubation period to start making money - but there is difference between someone who has figured out how to go about it and sticks to his guns, and one who is still trying to figure out. Here, I am talking of those in the first category. Firstly, concerns: 1) Underbidding, especially when price is known to be a key component in building perceived brand value (btw, Julianne has written an excellent piece on this in the launch edition of MT TIMES). 2) Poaching - believe me, some flaunt it as an HR policy! 3) Marketing - it is SO difficult to change the clients perception, when you have already, I would say bravely, tried to sell your services as "poor quality at a cheap price." 4) Developing and retaining HR - with all the training scandals, try convincing fresh blood that MT is a profession. And there are those call centers who are recruiting MTs at a premium. The solution? Let us brainstorm some - offline and online and see where we end up. My first Commandant used to say "Do you have a solution, or are you part of the problem." I have to concede,that till we can get something going, we will all remain a part of the problem. Let us see what the leaders think. Adieu for now. Just to let you know we are back to our normal publishing schedule. And as always, all opinions expressed are mine... Unless otherwise stated or REALLY stupid! Cheers!!! :) Maj (Dr.) Amit Chatterjee, SM
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http://mtindia.org - not non-profit on purpose.... Comment?
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===============NEW=================== From: Seema Naik <
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> Subject: Wanted to share Dear Amit & MTIDers, We have recently had an experience with a Medical Transcription company located in Bangalore, Shivaji Nagar. They had first approached us offering us work. We had a meeting with them. Upon follow up we were told that they had found other companies who were charging a lower amount. We thought that it had ended there. Subsequently, we found that they had recruited some of our employees. Furthermore, they had convinced our employees to stay on here until they were able to influence others to join them as well. We found about it in time, so "the recruiters" beat a hasty retreat. The details of this company are as follows: T. U. Mediscript (India) Private Limited Subsidiary Transcriptions Unlimited, Inc. USA Post Box# 5252, 101-C, 1st Floor, Farah Winsford, 133 Infantry Road, Bangalore - 560 001. INDIA PH: +91 80- 286 3611/2/3, 2865208 Fax: +91 80- 286 5203 E-mail:
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,
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Managing Director: Dr. M. A. Jowhar. I just wanted all to be aware of this latest method in poaching so that we can support each other in protecting ourselves from such unscrupulous behavior by some MTSOs who are hurting the industry and obviously require some education on the long-term effects. Regards, Seema DIGIMETRIX Comment?
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