Recession in US: Ebbs H-1B Visa

H-1B visa demand ebbs as US recession bites: This year is not at all good in terms of jobs point of view. Due to US recession many countries are also affected especially those which are related to Information Technology (IT) field. This in turn affect H-1B visa. The demand of H-1B visa also decreased due to this recession. This is the first year, IT business hits the business since it grew in 2001. This year, fewer applicants are requested for this visa. This indicates that there is less demand of skilled workers in foreign countries. India is one of the countries who used this kind of visa for their employees. But this year due to recession in western market business is not going well; less IT business professionals deploy their employees to client’s offices overseas. H-1B is directly related to trade market and less use of it shows less business. Because the process of business is not gaining too much speed, it affects the H-1B visa demand rate.

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H-1B visa: H-1B visa is a kind of visa for foreigners to visit in United States. It is an official code for the work permit which is used by employer to hire a skilled professional from foreign countries. To get this visa, employer has to apply in advance to get the visa according to their time suitability. But this year due to uncertainty in business fronts, every one has thought at least once. India’s highest ranking software companies like TCS, INFOSYS said that this years they also used less H-1B visa to deploy their employees. According to INFOSYS, this years the total cost of the visa cut down and come down to around 25 crore from 60 crore in the time period of April-June. TCS said it has sufficient visas. They don’t need more as less business less demand of applicants. After seeing all this TCS is going to plan to train their employees locally. Before this TCS used its US centers to train their locally recruited employees from engineering colleges.

USCIS report: Each year many employers deploy their employees to US on H-1B visa. They deploy their employees to get them proper training to improve their skills in particular filed. This year recession affects mostly to IT field employees as well as employers. Employers don’t want to pay much cost to send their employees to United States. Instead of this they plan to train their employees locally. According to a survey, The US Citizenship and Immigration Services (USCIS) had received 44,900 H-1B petition. They received this petition till August 7. According to Washington, there is short of 65,000 in annual quota.

                              Overall we can say that due to recession, IT field companies affected much and in turn H-1B visa demand ebbs. Hope everything will be fine very soon and once again IT field in India becomes in demand.

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