With a $100,000 fee applied to new H1-B applications, the country has spooked the tech industry. The $100,000 payment is thought to be able to tremendously hamper the ability to recruit the skilled foreign workforce and career growth, prompting all types of investors, corporations, and professionals to rethink their next steps.
Industry Concerns
- Investor reactions: One of America’s most influential investors, Michael Moritz, has joined the chorus of Silicon Valley leaders claiming the tax in question could drive away global talent from American shores, hitting innovation and the growth of startups.
- Company Challenges: Technology companies and financial institutions, including JPMorgan, foresee possibilities of a slowdown in hiring and disruption in projects requiring skilled foreign professionals.
Implications for Indian Professionals
- With this price, the old H‑1B pathway may seem less reachable to certain fellows in the early stages of their careers or for those who find themselves in high demand in tech skills.
- Among the many options being sought after these days, and to ensure steady career growth, are alternative virus routes and possibly to land in another country with friendlier immigration policies.
Take the First Step with Abhinav Immigration Services
The changes around H-1B can be tricky to navigate.
Abhinav Immigration Services helps Indian professionals with alternate paths of visas, strategizing for global career opportunities, and keeping you abreast of policy changes so you can head overseas and realize your ambitions.