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Contracts administration manager hiring summary. Here are some key points about hiring contracts administration managers in the United States:
Here's a step-by-step contracts administration manager hiring guide:
Contracts administration managers are responsible for negotiating and administering government and commercial contracts, preparing proposals, and ensuring that they comply with all company policies and legal requirements. These managers report the progress of their projects to top management during meetings. They manage the performance of their staff daily. Their job involves participating in developing, formulating, and revising policies, procedures, and templates. They also support their finance and program teams in communicating with their clients to ensure that invoices are made timely and accurately.
First, determine the employments status of the contracts administration manager you need to hire. Certain contracts administration manager roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A contracts administration manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, contracts administration managers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents contracts administration manager salaries for various positions.
| Type of Contracts Administration Manager | Description | Hourly rate |
|---|---|---|
| Contracts Administration Manager | Purchasing managers plan, direct, and coordinate the buying of materials, products, or services for wholesalers, retailers, or organizations. They oversee the work of procurement-related occupations including buyers and purchasing agents. | $22-54 |
| Director, Procurement | The responsibilities of a procurement director revolve around ensuring the efficient and smooth flow of supplies within the company, developing procurement strategies for optimal services and operations, assessing risks, and overseeing the implementation of new policies and regulations in the company. It is essential to coordinate with analysts to identify areas with potential opportunities or those needing improvements... Show more | $47-95 |
| Procurement Officer | A procurement officer is primarily in charge of overseeing the procurement of supplies and equipment for an organization, prioritizing cost-efficiency and quality. It is their duty to manage the company's supply inventory, compile and analyze procurement requests, develop purchase plans, handle purchase procedures, and maintain records of all transactions, producing reports regularly... Show more | $25-48 |
Including a salary range in your contracts administration manager job description helps attract top candidates to the position. A contracts administration manager salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a contracts administration manager in Hawaii may be lower than in Virginia, and an entry-level contracts administration manager usually earns less than a senior-level contracts administration manager. Additionally, a contracts administration manager with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Virginia | $93,450 | $45 |
| 2 | Maryland | $87,664 | $42 |
| 3 | Florida | $83,394 | $40 |
| 4 | District of Columbia | $81,727 | $39 |
| 5 | California | $81,592 | $39 |
| 6 | North Carolina | $81,136 | $39 |
| 7 | Pennsylvania | $80,835 | $39 |
| 8 | New York | $79,220 | $38 |
| 9 | Ohio | $73,068 | $35 |
| 10 | Utah | $72,743 | $35 |
| 11 | Illinois | $71,558 | $34 |
| 12 | South Carolina | $69,897 | $34 |
| 13 | Alabama | $69,336 | $33 |
| 14 | Texas | $69,291 | $33 |
| 15 | Nebraska | $66,493 | $32 |
| 16 | Colorado | $66,153 | $32 |
| 17 | Wyoming | $64,912 | $31 |
| 18 | Georgia | $64,642 | $31 |
| 19 | Indiana | $63,988 | $31 |
| 20 | Arizona | $63,713 | $31 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Deloitte | $105,504 | $50.72 | |
| 2 | General Electric | $99,077 | $47.63 | |
| 3 | Arista Networks | $97,713 | $46.98 | |
| 4 | NEC Corporation of America | $97,332 | $46.79 | |
| 5 | Fiserv | $96,438 | $46.36 | |
| 6 | Northrop Grumman | $96,293 | $46.29 | 76 |
| 7 | PLEXSYS Interface Products | $92,988 | $44.71 | |
| 8 | HCSC | $91,971 | $44.22 | |
| 9 | Cardinal Health | $91,471 | $43.98 | 3 |
| 10 | Lockheed Martin | $90,911 | $43.71 | 87 |
| 11 | Valley Transportation | $88,307 | $42.46 | |
| 12 | Nes Holdings | $87,958 | $42.29 | |
| 13 | Parker Global Strategies | $87,060 | $41.86 | 1 |
| 14 | Penske Logistics | $86,143 | $41.41 | |
| 15 | Raytheon Technologies | $85,598 | $41.15 | 8 |
| 16 | Penske Truck Leasing | $84,129 | $40.45 | |
| 17 | AmeriHealth Caritas | $82,340 | $39.59 | 3 |
| 18 | Burner | $82,242 | $39.54 | |
| 19 | Colorado State Express | $82,228 | $39.53 | |
| 20 | Curative | $82,210 | $39.52 |
A job description for a contracts administration manager role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a contracts administration manager job description:
There are various strategies that you can use to find the right contracts administration manager for your business:
During your first interview to recruit contracts administration managers, 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 have selected a candidate for the contracts administration manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
After that, you can create an onboarding schedule for a new contracts administration manager. 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.
Recruiting contracts administration managers involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
The median annual salary for contracts administration managers is $72,869 in the US. However, the cost of contracts administration manager hiring can vary a lot depending on location. Additionally, hiring a contracts administration manager for contract work or on a per-project basis typically costs between $22 and $54 an hour.