Obama to sign bill that raises H-1B visa fee today
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http://www.ndtv.com/article/world/obama-to-sign-bill-that-raises-h-1b-visa-fee-today-44089
Although some of the big IT companies may be affected due to this but since they have grown so big this may not be much of an impact. But what may be coming that many small IT companies/subsidiaries that have 49 employees and all of them on H1.
They could probably raise billions if they come up with fast tracking pending Green Card applications. Even if they raise the fees 10 times on that folks will gladly pay. H1B anyway already lost its appeal.
Location: Western Hemisphere
Posted on: 14-08-10 12:49:57
Affects companies that have more than 50 employees and more than 50% of the payroll are H1B.
Quote.... "Firms with more than 50 employees and more than 50 percent of their employees on H-1B work visas would be affected."
So, major Indian companies that send IT folks in mass herds to its US operations will most likely get affected among others.
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Dimple2001
This guy is trying to please millions of jobless by making such gestures. Instead of creating positive environment for businesses to grow; he has introduced all socialist agenda. He reminds me of Indira Gandhi and euphoria in India which scaled India back by some 50 years. He can not raise import duty on Chinese goods and hence making this kind of token gestures. I do not know how much this tax garner would. My educated guess is that it may not be worth the paper he signed.
Location: Somewhere in dreamland
Posted on: 14-08-10 20:21:57
Quote:
Originally posted by Nightmare
This guy is trying to please millions of jobless by making such gestures. Instead of creating positive environment for businesses to grow; he has introduced all socialist agenda. He reminds me of Indira Gandhi and euphoria in India which scaled India back by some 50 years. He can not raise import duty on Chinese goods and hence making this kind of token gestures. I do not know how much this tax garner would. My educated guess is that it may not be worth the paper he signed.
Well the way Indian IT companies have been systematically exploiting the H1B Visa for a long time - This backlash was expected. .
The so called 'IT biggies' in India are becoming huge pools of cheap slave labor.
They may bring people on H1B and pay them prevailing wage - No doubt about it, but they will make these people work several hours over time without extra pay.
This is nothing but exploitation.
Many American's are still unemployed not because they are not qualified/talented but because they cannot be exploited like H1B workers.
Atleast now these companies will think about hiring local people.
Remember H1B visa was originally meant to bring 'Highly skilled foreign professionals' when a person with similar skills cannot be found locally.
How much revenue have these Indian IT companies been earning by innovation and developing world class software products?
Almost 80%-90% of their revenue is being generated by application maintenance and development services done in offshore-onsite model
Rules like this will force the Indian IT biggies re-think their business model.
I hope atleast now be they will start thinking in investing in research innovation and development of world class software products that are 'Made in India'
Location: Western Hemisphere
Posted on: 14-08-10 20:30:18
There is an IT company owned by an Indian located in NY that has advertised a job opening. Among other things, it says, "only H1B transfers can apply for that job".
I can't find that link anymore, but if I do, I'll post it. I found it posted by a CNN reader.
If a company can blatantly post an illegal restriction like that, I guess a correction by the US Govt is justifiable. But the unfortunate truth is IT companies, especially owned by Indians, will find a way to continue their fraudulent and unethical practices.
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Dimple2001
Location: Western Hemisphere
Posted on: 14-08-10 20:35:22
Quote:
Originally posted by brown_bear
The so called 'IT biggies' in India are becoming huge pools of cheap slave labor.
They may bring people on H1B and pay them prevailing wage - No doubt about it, but they will make these people work several hours over time without extra pay.
This is nothing but exploitation.
Agree 100%. This is not about skills or intelligence or capability of Indians. It is pure exploitation of Indians by Indian companies, especially those located and operating in the US in small scale.
Also prevailing wage is a joke at best. If you look at the sources where the employers are allowed to quote prevailing wages, you'll find a huge range in the salary and in most cases, guess which end of the salary range the employee gets paid?
It's a hostage situation. The employee is held hostage with the threat of termination and the guys dreaming of the "American Dream" fall for this nonsense.
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Dimple2001
As I understand, the increase is for both H1B and L visas. OTOH, the visas are valid for couple of years. Any company can recover the cost ($2k) quickly. An increase of abt Rs. 95k is not a big deal for Indian IT firms.
How many American IT workers go extra mile? Very few. By 5.00 pm they are out. IT consulting work is not like a govt job. Health ins coverage is another big expense for the American employer. Look at the call centres in India. Rs. 20k pm + some benefits such as transportation and food. That is much cheaper compared to $2k (at least) + health ins+benefits to American workers. In the end it all comes down to money. How much profit and cost saving is done.
