Who will get impacted on Trump’s H1B process Change?

Things You should know about H1B Visa!!!

Trump and his supports

The H1B visa is a non-immigrant visa that allows companies to employ foreigners for a period of up to six years. This visa is aimed at helping companies employ foreigners in positions for which they have been unable to find American employees. The minimum salary for an employee holding the H1B visa is set at $60,000 per year. H1B visa holders are allowed to apply for permanent residency in the US as well as buy or sell property in the country. The H1B visa reform bill has been tabled by California Congressman Zoe Lofgren, a Democrat. Donald Trump has not spoken publicly about the new visa reform bill yet, though increased oversight on the H1B and L1 visas was among his campaign promises. However, he has flip-flopped about the H1B visa programme throughout the campaign. His wife, US First Lady Melania Trump, entered the US from Slovenia using a H1B visa in October 1996 under the quota of 200 visas set aside for fashion models “of distinguished merit and ability.”

Fox channel reported Trumps wife worked illegally in US

The new H1B visa reform bill proposes a radical overhaul of the process, increasing the minimum salary for visa holders to be $130,000, more than double the current minimum. This move will definitely impact on tech companies operating margin.

Among the biggest recipients of H1B visas each year are Indian IT firms, such as Infosys, TCS, Wipro, HCL, Igate, Cognizant, as well as global giants IBM, Accenture, Microsoft, Google, and Amazon, among others. If this bill passes, they will to bear significantly higher costs for employing highly-skilled foreign citizens. The visa reform may even create a gap in demand and supply for talent for smaller companies that cannot afford incurring high costs to employ skilled workers.