Top engineers in no hurry to accept every job offer
The average offer acceptance rate in skills such as full-stack engineers, data engineers, frontend engineers, SRE/DevOps, data scientists and backend engineers is just about 50%, as one out of two candidates trashes the offer letter, according to placement consultants
Source | economictimes.indiatimes.com | Rica Bhattacharyya, ET Bureau
Even as lay-off jitters keep spreading across the Indian startup space and investment hits a road bump, candidates with high-end tech skills continue to shop for offers with placement companies still struggling with a low offer acceptance rate.
The average offer acceptance rate in skills such as full-stack engineers, data engineers, frontend engineers, SRE/DevOps, data scientists and backend engineers is just about 50%, as one out of two candidates trashes the offer letter, according to placement consultants.
Take the case of full-stack engineers, who design high-level software applications. In the fiscal year ended March 31, 2021, the average offer acceptance rate of these professionals was 73%, which dropped to 53% in FY22 and is now around 50%, according to data from specialist staffing firm Xpheno. The trend cuts across profiles such as SRE/DevOps, data scientists, frontend engineers, data scientists and backend engineers, where the offer acceptance ratio has