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Contracts specialist hiring summary. Here are some key points about hiring contracts specialists in the United States:
Here's a step-by-step contracts specialist hiring guide:
A contract specialist is responsible for evaluating contract agreements between the business and its clients. Contract specialists write beneficial deals that would develop good, professional working partnerships. They negotiate terms with clients, analyzing bid offers, review legislation processes and regulations, provide immediate resolution for breach of contracts, manage procurement proposals, and communicate with potential and existing clients for any amendments and clarifications. A contract specialist must have excellent communication and negotiation skills and broad knowledge of legal terminologies and contract styles.
Before you start hiring a contracts specialist, 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.
A contracts specialist's background is also an important factor in determining whether they'll be a good fit for the position. For example, contracts specialists 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 specialist salaries for various positions.
| Type of Contracts Specialist | Description | Hourly rate |
|---|---|---|
| Contracts Specialist | Contracts Specialists create and monitor contractual agreements between the organization they work for and materials or labor suppliers. They direct and coordinate the activities of workers engaged in formulating bid proposals. | $19-47 |
| Contracting Officer | In government agencies, a Contracting Officer plays a vital role in securing contracts for different projects. They are responsible for liaising with internal and external parties, conducting research and analyses, developing plans to attain project requirements, negotiating contracts, and procuring materials according to standards... Show more | $17-45 |
| Subcontract Administrator | As a subcontract administrator, you will be responsible for identifying the needs of a company and implement measures and initiatives to fulfill those needs. This role will require you to perform a few tasks, including responding to purchase requisitions, soliciting bids and proposals from new and existing sources, and evaluating terms and awarding the subcontract... Show more | $20-49 |
Including a salary range in your contracts specialist job description is one of the best ways to attract top talent. A contracts specialist can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $85,342 | $41 |
| 2 | Virginia | $79,150 | $38 |
| 3 | Maryland | $78,223 | $38 |
| 4 | California | $72,844 | $35 |
| 5 | Mississippi | $72,350 | $35 |
| 6 | Missouri | $71,338 | $34 |
| 7 | South Carolina | $70,048 | $34 |
| 8 | New Mexico | $69,504 | $33 |
| 9 | Pennsylvania | $68,625 | $33 |
| 10 | Alabama | $67,725 | $33 |
| 11 | Texas | $67,559 | $32 |
| 12 | North Carolina | $66,812 | $32 |
| 13 | Illinois | $66,417 | $32 |
| 14 | Florida | $65,071 | $31 |
| 15 | Kansas | $64,987 | $31 |
| 16 | Georgia | $64,879 | $31 |
| 17 | Ohio | $64,697 | $31 |
| 18 | New York | $63,855 | $31 |
| 19 | Oklahoma | $63,015 | $30 |
| 20 | Tennessee | $62,651 | $30 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | $130,227 | $62.61 | 27 | |
| 2 | Microsoft | $117,424 | $56.45 | 9 |
| 3 | ConocoPhillips | $115,559 | $55.56 | 1 |
| 4 | Repsol Energy North America Corporation | $114,570 | $55.08 | |
| 5 | Kronos Incorporated | $113,262 | $54.45 | |
| 6 | Avid | $111,103 | $53.41 | 1 |
| 7 | Brookhaven National Laboratory | $109,990 | $52.88 | |
| 8 | TechnipFMC | $109,178 | $52.49 | 1 |
| 9 | Accenture | $108,753 | $52.29 | 1 |
| 10 | Juniper Networks | $107,840 | $51.85 | |
| 11 | Los Alamos National Laboratory | $106,611 | $51.26 | |
| 12 | Pacific Northwest National Laboratory | $105,713 | $50.82 | |
| 13 | Vertex Pharmaceuticals | $102,961 | $49.50 | 1 |
| 14 | Proofpoint | $101,789 | $48.94 | |
| 15 | DocuSign | $101,516 | $48.81 | |
| 16 | Systemax | $101,286 | $48.70 | |
| 17 | Halliburton | $100,361 | $48.25 | 4 |
| 18 | Carl Zeiss Meditec, Inc. | $100,344 | $48.24 | |
| 19 | ION Geo | $100,219 | $48.18 | |
| 20 | Baker Hughes | $100,122 | $48.14 | 2 |
A good contracts specialist job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a contracts specialist job description:
To find the right contracts specialist for your business, consider trying out a few different recruiting strategies:
Your first interview with contracts specialist candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
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 contracts specialist 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 important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
Once that's done, you can draft an onboarding schedule for the new contracts specialist. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
There are different types of costs for hiring contracts specialists. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new contracts specialist employee.
You can expect to pay around $63,727 per year for a contracts specialist, 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 contracts specialists in the US typically range between $19 and $47 an hour.