The US H-1B Visa is a non-immigrant visa that permits the US companies to employ workers from foreign countries in the fields involving highly specialized knowledge for a certain period of time. This can include areas such as architecture, engineering, mathematics, science, and medicine.
The new reforms in the H-1B visa bill is a major concern for the US tech companies because they employ a lot of foreigners in their firms. There is news that Trump will either raise the fees for the visa or auction them or reduce the cap on them. This is a situation of concern. This is what Mr. Trump, the new POTUS has to say about the H-1B visas, "My administration will follow a simple rule - buy American, hire American. Years earlier we used to take pride in buying things 'Made in America'. We love our companies, but we don't love them when they go out of our country. There will be consequences." Earlier, he had promised of ending the misuse of H-1B visas by companies in the US.
The bill aims to increase protection for both, American as well as foreign workers in America. Going further, read on to grab some insights of the bill.
The minimum salary of the H-1B visa holders must be USD 1,30,000. This will make it difficult for American firms to replace American workers with foreign employees.
Setting aside 20% of the H-1B visas for the small enterprises and start-up employers, who employ 50 or fewer people. This is to ensure that even the small enterprises have access to the high-skilled workers, while also controlling outsourcing.
First offer the vacant position to an equally or better qualified American, before approaching an H-1B or L1 visa holder. A sure-shot way to provide better opportunities to the natives of the country. This will prevent the companies from hiring foreign workers at a cheap pay.
A greater authority to investigate fraud and abuse along with increasing penalties on companies that violate what the bill says.
Microsoft, Apple, Google and many other companies are going to face a lot of heat, all thanks to the new reforms in the H-1B visa bill.
The US government gives 65,000 H-1B visas each year and an additional 20,000 more for foreign students.
Here, the legislation asks the employers not to reduce the beneficiary wages, even if the deduction has been approved with a voluntary authorization by the employee himself.
This is for the taxes, garnishments and deductions that are reasonable and customary in an occupation.
This is done by building a bridge between F-1 student status and Lawful Permanent Resident and elimination of burdensome paperwork by streamlining the process of H-1B visa filing requirements and thereby reducing the administrative costs.
Thus, till now it seems that these reforms aim to protect American as well as foreign workers. We hope that it does so! Fingers crossed!