{"id":1243688,"date":"2023-03-15T07:16:20","date_gmt":"2023-03-15T01:46:20","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1243688"},"modified":"2023-03-15T07:17:02","modified_gmt":"2023-03-15T01:47:02","slug":"upto-89-us-tech-companies-hired-laid-off-h1b-workers-from-india-other-nations","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/upto-89-us-tech-companies-hired-laid-off-h1b-workers-from-india-other-nations\/","title":{"rendered":"Upto 89% US Tech Companies Hired Laid-Off H1B Workers From India & Other Nations"},"content":{"rendered":"\n

Several hundred H-1B visa holders have been impacted by multiple layoffs announced by the technology industry.<\/p>\n\n\n\n

\"Upto<\/figure>\n\n\n\n

The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.<\/p>\n\n\n\n

Laid off employees hired by other firms<\/strong><\/p>\n\n\n\n

A survey report released by Envoy Global – a worldwide immigration services provider – has found that nearly 89% of companies surveyed have hired one or more foreign nationals who were laid off by another company in the last six months.<\/p>\n\n\n\n

Such workers have been left in the lurch, leaving them to scramble to find another job within the 60-day grace period.<\/p>\n\n\n\n

Many have been forced to switch to a tourist visa or even return home.<\/p>\n\n\n\n

The survey was conducted during February and got 443 responses from HR professionals engaged in immigration functions in their companies.<\/p>\n\n\n\n

It covered a wide variety of industries and company sizes.<\/p>\n\n\n\n

The report titled  ‘2023 immigration trends” notes,  \u201cAbout 78 percent of companies instituted a hiring freeze while 58 percent companies laid of foreign nationals.”<\/p>\n\n\n\n

However, many companies benefited by recruiting foreign talent impacted by the earlier layoffs.<\/p>\n\n\n\n

Employer demand for foreign talent is higher now<\/strong><\/p>\n\n\n\n

Despite difficult economic conditions, employer demand for foreign talent is higher now than in early 2022, when the Department of Labor recorded an all-time high in foreign employee sponsorship. <\/p>\n\n\n\n

That was when the Department of Labour witnessed an all-time high H-1B sponsorships.<\/p>\n\n\n\n

71% companies report recruiting more foreign nationals in the first quarter of 2023 than during the same period last year.<\/p>\n\n\n\n

Hiring momentum forecast to continue<\/strong><\/p>\n\n\n\n

Speaking of hiring, the survey also highlighted that 89 percent of employers are currently hiring foreign national employees in the US. <\/p>\n\n\n\n

Envoy believes that this momentum will continue this year as well.<\/p>\n\n\n\n

It expects employers to submit slightly more H-1B registrations than they did in 2022, which saw a record of 483,000 submissions.<\/p>\n\n\n\n

The survey report points out that despite the high demand to sponsor foreign talent in the US, immigration barriers are forcing employers to relocate foreign employees overseas and outsource jobs.<\/p>\n\n\n\n

Immigration barriers<\/strong><\/p>\n\n\n\n

Last year, 81 percent of companies transferred foreign national employees to an office abroad because of visa-related issues in the US while 80 percent of companies relocated employees to work remotely overseas because of visa-related issues.<\/p>\n\n\n\n

Other reasons like slow and uncertain government processing, government regulations and paperwork, and costs related to sponsoring a foreign national employee also act as hurdles.<\/p>\n\n\n\n

Canada stood to gain, with 62% of the respondents stating that employees were relocated to this neighboring country.<\/p>\n\n\n\n

It is followed by Mexico and the UK (with 48% affirmative responses).<\/p>\n\n\n\n

Employer-friendly immigration systems<\/strong><\/p>\n\n\n\n

Other countries like Germany, Australia also saw relocation with 31 percent and 25 percent respectively. <\/p>\n\n\n\n

Respondents also viewed other countries’ immigration systems as more employer-friendly<\/a> than the US, with Canada being the most employer friendly with 87 percent, followed by UK (83 percent), Ireland (78 percent), Singapore (79 percent) and European Union (81 percent).<\/p>\n\n\n\n

Setting up a Global Employment Company<\/strong><\/p>\n\n\n\n

In addition to establishing one or multiple offices outside the US, American companies are also exploring the creation of a Global Employment Company.<\/p>\n\n\n\n

Through this they can move employees to other countries using an ‘Employer of Record’ or a ‘Professional Employer Organisation’ or other contracting method to continue to indirectly work with them.<\/p>\n\n\n\n

The online registration period for H-1B specialty occupation visas opened on March 1.<\/p>\n\n\n\n

As always once this period ends a lottery for selection of candidates will begin since the number of registrations far exceeds the annual H-1B cap quota of 85,000 visas.<\/p>\n\n\n\n

Indians main H-1B beneficiaries<\/strong><\/p>\n\n\n\n

Typically, Indians are the main beneficiaries, bagging more than 60% of the new H-1B cap allotments.<\/p>\n\n\n\n

While 84% of the respondents approve of the Biden administration’s handling of employment-based immigration, 51 percent felt the immigration process in the US is more difficult than in previous years.<\/p>\n\n\n\n

While some employers expressed approval, many felt the system continues to become more difficult for businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"

Several hundred H-1B visa holders have been impacted by multiple layoffs announced by the technology industry. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Laid off employees hired by other firms A survey report released by Envoy Global – […]<\/p>\n","protected":false},"author":24,"featured_media":1243754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1117],"class_list":["post-1243688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-h1b-jobs"],"acf":[],"yoast_head":"\nUpto 89% US Tech Companies Hired Laid-Off H1B Workers From India & Other Nations - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/upto-89-us-tech-companies-hired-laid-off-h1b-workers-from-india-other-nations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Upto 89% US Tech Companies Hired Laid-Off H1B Workers From India & Other Nations - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"Several hundred H-1B visa holders have been impacted by multiple layoffs announced by the technology industry. 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