Which quality band your task needs
The same 8% transcript is excellent for meeting notes and unacceptable for broadcast captions.
The honest bar is human performance: professional transcribers run about 3-5% WER on clean read speech and 5-6% on conversational telephone speech. A machine claim far below 3% usually signals an easy test set, not a better machine.
Dictation drafts and internal notes stay workable under about 10% — you fix a word here and there. Captions and quotes meant for other people need proofreading once you pass 10%, because one wrong word in ten visibly changes meaning.
Legal review sits at the top of the scale: aim for the human 3-5% band and still verify by hand, because one wrong name or number costs more than the entire check.