Concerns Arise Over H-1B Visa Fee Hike by US Administration
The recent escalation of H-1B visa fees, introduced by the US administration with an alarming one-day deadline, may reverberate throughout America’s innovation landscape and the broader job market, according to Nasscom, the leading body for the IT sector.
In response to the new regulations announced by President Donald Trump, instating a $100,000 annual fee on H-1B visa applications as part of an extensive overhaul of the skilled worker program, Nasscom expressed its apprehension regarding the immediate timeline for enforcement, which takes effect for applicants entering the US after 12:01 a.m. on September 21.
A deadline of just one day generates significant uncertainty for businesses, professionals, and students worldwide.
Policy modifications of this magnitude should be introduced with ample transition periods, allowing stakeholders the opportunity to strategize and mitigate disruptions, the organization stated.
The industry consortium is currently scrutinizing the intricate details of the new mandate.
This shift will affect Indian nationals currently holding H-1B visas employed by both global and Indian enterprises.
Furthermore, technology firms in India will face challenges as continuity in operations is jeopardized for onshore projects, alongside the necessity for financial adjustments.
Companies will have to collaborate closely with clients to facilitate smooth transitions, Nasscom elaborated.
It is noteworthy, however, that Indian nationals and India-focused companies have progressively diminished their dependency on these visas by augmenting local recruitment in recent years.
These organizations adhere to all requisite governance and compliance standards in the US related to H-1B procedures, ensure they compensate at prevailing wage rates, and contribute significantly to the local economy and collaborative endeavors with academic institutions and startups.
H-1B workers affiliated with these firms do not pose a national security threat to the US, Nasscom contended.
Nasscom reiterated its position that high-skill talent is indispensable for fostering innovation, competitiveness, and economic growth within the United States.
This is particularly critical in an era where advancements in artificial intelligence and other pioneering technologies will dictate global competitiveness. High-skill talent remains essential for maintaining America’s leadership in innovation and ensuring lasting economic viability.
“As developments unfold, we will diligently monitor the situation, engage with industry stakeholders regarding potential ramifications, and pursue greater clarity concerning the discretionary waiver process to be administered by the Secretary of the Department of Homeland Security,” the organization concluded.
Source link: Zeebiz.com.
