H-1B dips in popularity with hopes still rising to reach the US

The most populous source to reach the U.S to perform services for a three- year period with absolute prominence requires the applicant to be highly accomplished in individual fields. Each year U.S employers have looked out for highly skilled foreign professionals whose petitions are submitted to the U.S Citizenship and Immigration Services (USCIS). There has also been a statutory threshold limiting 65,000 for professionals and additionally 20,000 for students who graduate from a university in the host country. In the recent past, we have seen the administering government streamlining the entire program where employers, are told to take steps to ensure that the opportunities for the locals are not affected. Lately, there has been a sharp decline in the petitions for the H-1B visas by the Indian companies. According to an analysis by the National Foundation of American Policy that there has been a drop of 37% compared to the previous years were the top seven Indian-based IT companies have received only 9356 new H-1B visa applications. Overall for the year 2017 companies thus far have received 14,792 visas. The foundation has also revealed that the decline would impact industry trends especially digital services when it comes to serving US clients. This major decline has paved way for IT service companies to hire local talent. A key aspect of the H-1B visa is the cap of 65,000 visas to be issued in a year. If there is an increase in number perhaps a lottery system would be implemented. The more number of applications that a company files there are higher chances for obtaining more visas. The fact of the matter is more number of applications more issuances less number of applications lesser the issuances. As if for now the current unemployment for computer savvy jobs is 2.5% lower than an overall nationwide 4.4 percent. It would serve the crisis if foreign students choose to stay back after the completion of the graduation. Besides IT companies MNC’s in the IT services to have received fewer petitions. Top notch companies such as Accenture and IBM have experienced a fall in applications for the fiscal years 2015 -16. Despite of changes to work permit petitions and with rise of artificial intelligence more number of people will be absorbed to fill skill gaps. Guaranteed is a good future for those who take the assistance of an expertise for any career path to work overseas. Contact Y-Axis the world’s best immigration and Visa consultant.