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Contract coordinator hiring summary. Here are some key points about hiring contract coordinators in the United States:
Here's a step-by-step contract coordinator hiring guide:
Contract Coordinators manage the company's contracts with suppliers, vendors, or other external parties. They keep track of all existing agreements and ensure that these agreements are properly documented. They manage the hard copy of the contracts, update suppliers' records, and review contracts to ensure that the best deals are made for their company. They also keep track of all the suppliers and their performance as vendors when tapped by the company. Contract Coordinators oversee different contracts' fulfillment to guarantee that all agreements and stipulations are met, especially deadlines and engagement specifications.
Before you start hiring a contract coordinator, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
Hiring the perfect contract coordinator also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
The following list breaks down different types of contract coordinators and their corresponding salaries.
| Type of Contract Coordinator | Description | Hourly rate |
|---|---|---|
| Contract Coordinator | $15-27 | |
| Business Developer | A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement... Show more | $31-75 |
| Operations Internship | Operations interns learn the management techniques on how to lead and supervise others. Interns usually gain experience by being an unpaid employee in the operational department... Show more | $12-20 |
Including a salary range in your contract coordinator job description is one of the best ways to attract top talent. A contract coordinator can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $53,957 | $26 |
| 2 | California | $52,223 | $25 |
| 3 | Oregon | $49,736 | $24 |
| 4 | New Jersey | $49,361 | $24 |
| 5 | Texas | $45,939 | $22 |
| 6 | Washington | $45,836 | $22 |
| 7 | Pennsylvania | $45,506 | $22 |
| 8 | Georgia | $44,510 | $21 |
| 9 | Colorado | $44,193 | $21 |
| 10 | Nevada | $43,566 | $21 |
| 11 | Maine | $41,718 | $20 |
| 12 | Nebraska | $41,697 | $20 |
| 13 | North Carolina | $41,691 | $20 |
| 14 | Missouri | $41,219 | $20 |
| 15 | Maryland | $40,282 | $19 |
| 16 | Tennessee | $40,000 | $19 |
| 17 | District of Columbia | $39,870 | $19 |
| 18 | Minnesota | $39,563 | $19 |
| 19 | Alabama | $39,321 | $19 |
| 20 | Florida | $39,289 | $19 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | AbbVie | $81,041 | $38.96 | 3 |
| 2 | RSM US | $66,169 | $31.81 | |
| 3 | Astronics | $64,502 | $31.01 | |
| 4 | Brookhaven National Laboratory | $62,784 | $30.18 | |
| 5 | HP | $61,709 | $29.67 | |
| 6 | Bloomberg | $61,554 | $29.59 | 5 |
| 7 | St. Jude Children's Research Hospital | $57,039 | $27.42 | 3 |
| 8 | DDB | $55,931 | $26.89 | |
| 9 | Health Research, Inc. | $55,746 | $26.80 | |
| 10 | Stanford University | $54,322 | $26.12 | 4 |
| 11 | Minnesota State Fair | $53,974 | $25.95 | 2 |
| 12 | University of Southern California | $53,073 | $25.52 | 4 |
| 13 | Collins Aerospace | $52,950 | $25.46 | |
| 14 | STR Holdings | $52,792 | $25.38 | |
| 15 | Prime Healthcare | $52,722 | $25.35 | 5 |
| 16 | Henry Schein | $52,453 | $25.22 | |
| 17 | National Football League | $52,348 | $25.17 | 1 |
| 18 | Washington State University | $52,122 | $25.06 | 1 |
| 19 | City of San Antonio | $51,869 | $24.94 | |
| 20 | Oregon Health & Science University | $51,616 | $24.82 | 2 |
A contract coordinator job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a contract coordinator job description:
To find contract coordinators for your business, try out a few different recruiting strategies:
During your first interview to recruit contract coordinators, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect contract coordinator candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
After that, you can create an onboarding schedule for a new contract coordinator. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Hiring a contract coordinator comes with both the one-time cost per hire and ongoing costs. The cost of recruiting contract coordinators involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of contract coordinator recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $43,318 per year for a contract coordinator, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for contract coordinators in the US typically range between $15 and $27 an hour.