The H-1B visa has increased tensions; learn about other options for jobs in the US?
The H-1B visa is crucial for those working in US IT companies. Especially in remote areas where local professionals are not available, there is a high reliance on foreign workers.
The US government has increased the H-1B visa fee to $100,000, or approximately ₹8.8 million. This new fee applies only to new visa applications and has been implemented under an order from US President Donald Trump. However, the US government has clarified that in some cases, the visa fee may be waived in the national interest. The H-1B visa is crucial for experts and trained professionals who come to work in US hospitals and IT companies. This is especially true in remote areas where local professionals are not available, where there is a high reliance on foreign workers.
Impact of the Fee Hike
Regarding the fee hike for H-1B visas, NASSCOM, the IT industry's leading organization, says that Indian companies have reduced their reliance on H-1B visas in the US over the past few years. The number of H-1B visas issued from India in 2015 was 14,792, which will drop to 10,162 in 2024. NASSCOM states that the new fees will only apply to new applications and will not affect existing visa holders. According to NASSCOM, H-1B visa employees represent less than one percent of the total workforce at large companies. Employees working under this visa earn the same salary as local employees.
New Job Options in the US After the Fee Hike
Following the fee hike for H-1B visas, many companies are shifting to L-1 visas. This visa is for employees who already work for the company and wish to transfer to the US. This requires at least one year of experience with the company and a role that requires specialized knowledge. Additionally, the O-1 visa is available for employment in the US. This visa is issued to professionals with exceptional talent. The J-1 visa is also available for employment in the US. This visa is for trainees and interns. Additionally, you can work in the US with the EB-1A visa. This visa also grants a direct green card to professionals with exceptional talent. Students who complete their studies in the US are also allowed to work for up to three years under the STEM OPT.
Impact on Students Studying in the US
The H-1B visa fee may impact entry-level jobs. Furthermore, following the visa changes, companies will prioritize local or American graduates. This could reduce job opportunities for Indian students. Consequently, Indian graduates are seeking opportunities in countries like Japan, Ireland, Canada, and Europe.
