Offer acceptance is the final agreement between an employer and an employee regarding a job position and final compensation terms for the role. The employer sends an offer letter to the employee and once he/she accepts the same with the terms mentioned in it, it is known as offer acceptance.
An offer acceptance doesn’t need to be in a written or documented format, an employee verbally also communicates the same. The acceptance by an employee sets the right expectations and bonds both the parties for the same terms and conditions. It is an important step while hiring a new employee.