TCS Pays Lowest Salary To H-1B Software Engineers; Microsoft Pays Highest (Find Out How Much?)
Software companies all over the US employ thousands of software engineers and developers each year, especially H-1B visa-holders.
Dice, a US-based employment website, analyzed the data of how much H-1B software engineers and developers make at enterprise software companies from the H-1B Salary Database, which indexes the Labor Condition Application (LCA) disclosure data from the United States Department of Labor (DOL).
Read on to find out more…
Salaries of H-1B Software Engineers, Developers Salaries in Enterprise Software Companies
|Sr. No.||Company||Salary in USD|
At Accenture, the median H-1B salary is of $96,366, at Tata Consultancy Services (TCS), it’s $68,000, and at Capgemini, it’s $89,918.
By looking at the above findings it can be said that these salaries are at par higher than the ‘average’ technologist salary of $94,000 as per Dice’s 2020 Tech Salary report. Although, components like tech, compensation, and immigration are factored in.
According to a dataset from the U.S. Department of Labor, IT firms subcontract H-1B workers of varied specializations ranging from business-services to consulting firms. Hence, these firms pay their H-1B workers far less than the median salary at big software companies.
The recent developments in the immigration segment mainly the visa ban by the Trump administration will impact the big tech firms and their sourcing of off-shore talent.
Another policy by U.S. Citizenship and Immigration Services (USCIS) announced in July states that it would make amends to the visa fee structure, including the H-1B. The renewal fees for the H-1B visa will be around $4,000 which will increase the expenses of the subcontracting and business-services firms that sources many H-1B workers.
This, coupled with the increasing rate of visa application and renewal denials by the US government in the past few years will likely make these firms shift their outlook for sourcing talent.
With the November general elections approaching in the US and Joe Biden winning over the distressed Indian-American population, it will be interesting to see the changes in the immigration segment output as it will depend on who wins the election!