By now, we all are aware of US Government tightening the noose around the rules of the H-1B visa.
Donald Trump-led administration is looking to employ more locals rather than giving employment opportunities to foreigners. The recent news about Infosys and TCS being the only two Indian firms in top five employers green card list says a lot about the policies implemented by Trump.
The president of the US, Donald Trump is dead set on reducing the number of immigrants traveling to the US for jobs, which was evident from his actions such as disallowing the spouses of H-1B visa holders to work in America.
All this has resulted in a massive reduction of the rate of H-1B visa approval, even for top Indian organizations, as is clearly visible from the data collected by a research-based foundation, based out of the US.
How bad is the approval rate of the H-1B visa? Find out right here!
50% H1B Applications By Top Indian IT Firms Rejected
The National Foundation for American Policy (NFAP), a research-based foundation of the US, has found out that denial of work visas to the employees of India’s largest IT services exporters is now the highest than it ever has been.
India’s top four companies, Tata Consultancy Services (TCS), Infosys, HCL Technologies, and Wipro, have had 50% of their applications for the H-1B visa rejected.
Compared to the FY15, the rate of denial for TCS has risen to 37% in FY 2019 from a considerably lesser 6%. Infosys’ rate of denial has soared to 57% from a negligible 2%, HCL has gone from 2% to 43%, and Wipro has gone from 7% to a whopping 62% in the FY19.
It was also speculated that the US Government is being partial towards its homegrown organizations, such as Google, Amazon and Apple, which are getting more approvals of the H-1B visa than Infosys, TCS and Wipro.
Indian IT Firms Losing Good Employees Due To Lack of H1B Visa?
Infosys has reportedly lost a lot of good employees in the organization, purely due to the lack of H-1B visas. The company has had to come up with a ‘new value proposition’ to ensure the loss of talent.
The National Association of Software and Services Companies (NASSCOM), a powerful lobby of Indian IT firms is aware of the issue, and is working with the US Govt. to make H1B visa process easier, and non-partial.
Shivendra Singh, vice president of the global trade department at industry body Nasscom said that they are asking the US to streamline the process so that “(Indian) IT companies continue to make the US economy more competitive by working with more than 75% of Fortune 500 companies, the majority being American companies”.
In case H1B visas are denied to Indian IT firms, then it not only impacts the employees, but also reduces their chance to serve more US clients, and thereby erodes away profits.
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