H-1B salaries: Netflix pays the most to H-1B talent. Information from the H-1B visa salary database shows that the content platform pays $205,532 in average salary, followed by vacation rental marketplace Airbnb ($168,306), ride-sharing service Lyft ($167,650), and on-request food delivery service Doordash ($160,444). This new type of technology firms shells out more to H-1B workers than Google and Apple, which pay $144,285 and $139,457 respectively.
H-1Bs are long-term work visas and huge numbers of the recipients are Indians.
Vijay Govindarajan, Coxe recognized professor at Tuck at Dartmouth, said there is a significant factor that veils normal remuneration levels across tech firms and that is each organization’s unique talent acquisition and pay methodology. “For example, Netflix just recruits and holds heroes and pays them top-of-the-market pay, more than what any other person would pay. Netflix’s logic is that the best programmers are 100 times better than average programmers.”
Govindarajan said Netflix’s normal pay per employee (not just those on H-1B visas but across all employees) is higher than for other tech organizations. “For a similar token, the profit for each hero will be huge for Netflix; truth be told, in 2020, each Netflix employee-generated an average of $2.6 million employee-generated an average of $2.6 million in revenue and $26.5 million in shareholder value, more than most different organizations in entertainment,” he said.
What Tech Firms Pay For H-1B Workers
|Company||No of H-1B Filing||Average Salary ($)|
Bigger tech organizations hire H-1B talent to perform assorted sorts of assignments, including a few with specific skills that command premium salaries. “In this manner, average pay per employee on H-1B visas in huge tech firms tend to be lower as compared to a similar figure for smaller tech firms,” Govindarajan said.
Stephen Yale-Loehr, professor of Immigration Law Practice at Cornell Law School, said all H-1B employers must compensation the higher of either the prevailing wage for that work in that geographical area or the actual wage paid to similarly situated workers in the organization. “The overall pay changes, depending on the geographical location and the precise delineation of the job (eg, level 1 computer systems analyst versus level 1 computer systems analyst). The actual pay also changes, depending on the organization. For instance, Netflix generally pays its technology workers more than other tech organizations. The overall system isn’t great, yet is supposed to depress wages for similarly employed US workers.”
Outgoing US President Donald Trump had made H-1B rules more and more stringent as a feature of his endeavors to discourage immigration. Numerous in India trust President-elect Joe Biden will roll back a few of these measures. Biden has supported the development of the number of high-skilled visas, and the and the elimination of limits on employment-based visas by country.