Sat. Dec 9th, 2023

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These companies are the biggest winners in US H-1B visa draws

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US H-1B visa draws

US H-1B visa draws: According to a recent study, Amazon, Infosys, and Tata Consultancy Service are the biggest benefactors of the H-1B visa in the United States.

Based on data from the USCIS H-1B Employer Data Hub, a new analysis by the National Foundation for American Policy (NFAP) found that Amazon had 6,396 approved H-1B petitions for initial employment in FY 2022. In FY 2021 and FY 2020, the newest H-1B petitions were approved.

In FY 2022, Infosys had the second most H-1B petitions for initial employment at 3,151. Which was approximately 2,000 fewer for the company than in FY 2021.

Next was TCS with 2,725, also lower than the previous year, followed by Cognizant (2,521), Google (1,562). Also, Meta/Facebook (1,546), HCL America (1,260), and IBM (1,239).

Only 0.05 percent of the approximately 165 million people employed in the United States are represented by the 85,000 new H-1B petitions granted annually to companies.

US H-1B visa draws |Labor crisis

Despite decreasing denial rates, American employers have been struggling with a worker shortage caused by the H-1B visa’s low annual limit.

According to the NFAP study, the low annual limit for H-1B petitions is currently the main issue. Facing employers attempting to secure foreign-born talent. As a result of the Trump government’s losses in federal court during Donald Trump’s final year in office. H-1B denial rates have returned to low levels.

In FY 2022, the denial rate for H-1B petitions for initial employment was 2%, and in FY 2021, it was 4%. These are the lowest levels that have been recorded since data on H-1B denial rates became available.

Employers submitted over 483,000 H-1B registrations in April 2022, exceeding the annual limit of 85,000 H-1B petitions. By almost 400,000, according to US Citizenship and Immigration Services (USCIS).

In FY 2021, H-1B visa holders’ median annual salary was $108,000, according to USCIS data. In FY 2021, the median salary for H-1B visa holders in computer-related occupations was $111,000. And the average salary in computer-related occupations was $118,000.

[Will the layoff spree continue in 2023?]

Employers in the United States submitted over 483,000 H-1B registrations in April 2022. Nearly 400,000 more than the annual limit of 85,000 H-1B petitions.

The fiscal year in which the H-1B visa holder begins working is not the cap year in which H-1B petitions are counted.

High-skilled foreign nationals, such as international students, are granted H-1B visas. Which allow them to become employment-based immigrants and eventually become citizens of the United States.

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