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As previously hot industries such as fintech and real estate regroup, Karat offers tips for the new organizations looking to attract top tech talent
Recent market volatility and tech layoffs have created a unique landscape for companies hiring top tech talent. Industries that were previously the top choices for job-seeking software engineers have been hit hard; while large enterprise non-tech companies have become increasingly desirable destinations. This has resulted in a discernible shift in the job market and a reshuffling of industries that are hiring top software engineers. Four industries have been identified from Karat’s database of over 300,000 software engineer interviews as benefiting from the influx of high-performing candidates. This article examines the shifting landscape and some potential talent strategies for the path ahead.
To understand how market trends are influencing hiring outlooks, we focused on a Karat metric “Average score to get an offer”: the coding score out of 100 that the typical candidate needs to achieve in order to receive an offer in a given industry. Through shifts in average candidate performance, we can see which industries are attracting top talent, which helps us answer: which industries are best poised to hire right now? And which should consider regrouping and re-strategizing for the future?
To learn more about how the top companies hire tech talent, check out our most recent tech hiring trends report.
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