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V.Balasubramani
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Will this prove be a bad news for Indian IT Companies……?
H1-B visa row: What is likely to happen?
Chennai: With the US planning to bring in changes in the H1B visa programme aimed at curbing immigrant workforce, the Indian IT industry is on tenterhooks.
* As per the the 'Protect and Grow American Jobs Act' legislation reintroduced by Congressman Darrell Issa on 4 January, aims to plug in loopholes that have been 'abusing' H1B visa provisions.
* The rhetoric of US companies passing jobs to cheaper work force from foreign countries, denying employment to US nationals has rebounded with President elect Donald Trump's clear anti-outsourcing stand.
* Many of the jobs that H1B program covers are software engineers, analysts and IT professionals, so it is these skill sets likely to be hurt the most as and when the changes in H1B visa rules become a reality.
* To get H1B visa approved, you will have to fi t in the salary bracket of $100,000 a year, up from $60,000 currently. One will need to have a Master’s degree, as recognised by the US.
* It is estimated that any change on visa law will largely impact companies who have more than 50 employees based in the US.
* Those Indian IT companies who rely upon thousands of new employees every year from India with starting salaries in the mid fi ve fi gures to take up outsourcing jobs on an H-1B visa, would be heavily impacted. Indian IT companies were rated among the 10 worst paymasters in the world, as per a 2015 survey - with a mid-level IT manager drawing an average salary of $41,213.
* However, there is a long way to go for the proposed changes in H1B visa rules to become a reality. The bill may change dramatically in its provisions as it runs it course to becoming law, if at all.
* The US government begins accepting applications for H1B visa from 1 April. Looking at the past trend, the top four sponsors of H1B visas in recent years have been Infosys, Tata, IBM India, Wipro. In 2015, these fi rms combined fi led around 75,000
H1B visa applications out of which 12,000 H1B visas were issued.
Read more at: http://newstodaynet.com/nation/h1-b-visa-row-what-likely-happen
H1-B visa row: What is likely to happen?
Chennai: With the US planning to bring in changes in the H1B visa programme aimed at curbing immigrant workforce, the Indian IT industry is on tenterhooks.
* As per the the 'Protect and Grow American Jobs Act' legislation reintroduced by Congressman Darrell Issa on 4 January, aims to plug in loopholes that have been 'abusing' H1B visa provisions.
* The rhetoric of US companies passing jobs to cheaper work force from foreign countries, denying employment to US nationals has rebounded with President elect Donald Trump's clear anti-outsourcing stand.
* Many of the jobs that H1B program covers are software engineers, analysts and IT professionals, so it is these skill sets likely to be hurt the most as and when the changes in H1B visa rules become a reality.
* To get H1B visa approved, you will have to fi t in the salary bracket of $100,000 a year, up from $60,000 currently. One will need to have a Master’s degree, as recognised by the US.
* It is estimated that any change on visa law will largely impact companies who have more than 50 employees based in the US.
* Those Indian IT companies who rely upon thousands of new employees every year from India with starting salaries in the mid fi ve fi gures to take up outsourcing jobs on an H-1B visa, would be heavily impacted. Indian IT companies were rated among the 10 worst paymasters in the world, as per a 2015 survey - with a mid-level IT manager drawing an average salary of $41,213.
* However, there is a long way to go for the proposed changes in H1B visa rules to become a reality. The bill may change dramatically in its provisions as it runs it course to becoming law, if at all.
* The US government begins accepting applications for H1B visa from 1 April. Looking at the past trend, the top four sponsors of H1B visas in recent years have been Infosys, Tata, IBM India, Wipro. In 2015, these fi rms combined fi led around 75,000
H1B visa applications out of which 12,000 H1B visas were issued.
Read more at: http://newstodaynet.com/nation/h1-b-visa-row-what-likely-happen
