The US Citizenship and Immigration Services agency issued new H-1B visa guidelines for companies to bring foreign technology workers. These new guidelines for H-1B visa require additional information about computer programmers applying for the work visa. Essentially, this requires the companies to prove the jobs are complicated and need more advanced knowledge and experience.
The new policy comes into effect immediately and will change the way how companies apply for the visas. This move directly results in the share drop of outsourcing firms which have faced the most criticism. Shares of Infosys, Wipro, Accenture, and Cognizant Technology Solutions have been slipped more than 1 percent by Monday afternoon.
“The Justice Department will not tolerate employers misusing the H-1B visa process to discriminate against US workers. US workers should not be placed in a disfavored status, and the department is wholeheartedly committed to investigating and vigorously prosecuting these claims,” said Acting Assistant Attorney General Tom Wheeler of the Civil Rights Division in a statement.
It seems that the focus would be on employers with the largest percent of H-1B visas. As the lottery for the fiscal year 2018 opened on Monday, it prohibits employers from discriminating against US workers
Annually, The United States grants 85,000 H-1B visas under a congressional permission. 65,000 foreigners to be hired along with 20,000 international students who enrolled in American colleges and universities. According to analysts, Employers sought H-1B visas for more than 13,000 computer programmers in 2016, with an average salary of about $72,000 (roughly Rs. 46.8 lakhs).
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