High Demand for Skilled Workers in US since 2008

As reported in the online edition of The Wall Street Journal, (Read the article here) the US employers in a short span of time are set to reach the annual limit for applications for the highly coveted skilled worker visas. This is a clear sign of the rebounding US economy. This also augurs well for the overall job market in the US as this will have a domino effect on the other related sectors which will further help in job creation in those sectors also, hopefully. As per WSJ, this is the first time since the 2008 crisis, that the limit has been reached by the US companies in less than a week.

USCIS, the US Citizenship and Immigration Services, the nodal agencywhich runs the program announced that based on feedback, it may receive more petitions than can be accepted as per the H-1B cap between April 1, 2013 and April 5, 2013. If more petitions are recevied than can be accepted, a lottery will be conducted and those applications not selected will be returned.


On April 1st of every year the U.S. government makes available 65,000 regular cap H1b visas and 20,000 master's cap H1b visas for the upcoming government "fiscal year". The government fiscal year begins on October 1st of every year. For example, when the H-1B visa window opened on April 1, 2010, the government made available H-1b visas for the 2011 fiscal year, which begins on October 1, 2010. The H-1B visa "cap" is merely the annual numerical limitation set by Congress on the number of workers authorized to be obtain an H-1B visa. The cap is 65,000 in the regular cap category and 20,000 in the master's cap category.


This is further a good sign and is a proof of good demand for work for the Indian IT serivces majors. So, its time again for the Talent War to start all over again.

Comments

Post a Comment

Popular posts from this blog

Why should we speak Hindi???

I was just watching an episode of 'The Big Fight' on NDTV 24*7 on Sunday morning which featured Sanjay Nirupam (ex Shiv Sena now Congress), Akhilesh Dubey (Legal VP,MNS,dats a mockery),a SP MLA and some academic of South Indian origin and DMK MP Ms. Kanimozhi joining via VC. The debate was on the entire incident after Abu Asim Azmi was slapped after taking his oath in Hindi. In the entire debate, the one thing that struck was that the North India politicians from SP & Congress were vehement on Hindi being spoken & accepted as the National language. Just because Hindi is the language of choice of the 2 major BIMARU states in India and just because 40 crore Indians speak that language it doesn't entitle it to become the National language. Though, I dont support Raj Thackeray, I am firm in the belief that the influx of the North Indian migrants into Mumbai is bleeding the city I love, and its imperative for us to protect the Marathi language.If people can come in Mumb
Read more

Billions (TV Series) - Review

Image
Now, I have been wasting my time binge watching many a TV series and movies on the various OTTs platforms that I am guilty of subscribing to. Well, that is what my family members would typically say. But then, sitting at home safely ensconced in the four walls is much better than going out when the #pandemic was at it's worst. So what gave rise to the massive increase in eyeballs for the global OTT platforms, you should not ask. It is simple math.   Anyways, getting back to the post! The latest TV series that I am binging on is Billions. This is a drama based on the high flying, dynamic and glamorous world of hedge fund investing and the Government machinery which tries to regulate it. This is a television drama series starring Damian Lewis (Bobby Axelrod) as an ambitious hedge fund king and Paul Giamatti (Chuck Rhoades) as a relentless and tough U.S. Attorney. The storyline is pegged with self-destructive antiheroes, moral grey areas and the soul-blackening effects of power. The c
Read more

Small Car - Big Dream (Here Comes the Nano)

Image
So finally the day has dawned upon the aspirational Indian: The Launch day of the TATA Nano. The car every two wheeler riding middle class family man was waiting for. The car will hit the showrooms today.There will be three versions-The base version,the one promised by Mr. Tata and other 2 higher versions. The higher versions it seems would have all the goodies but the power steering it seems is going to miss out.The bookings are going to commence on the 9th April till the 25th April. The Nano will be sold to the first 100,000 buyers at a price to be announced later . The delivery of the first lot of Nano cars will begin in early-July and that applications for booking of the car would be available in 30,000 locations in 1,000 cities across India. Of course, there are some Indians in this great country of ours who will be kicking themselves sore and cursing their political parties for losing the Nano project from their state. While the land of the traders & businessmen would be p
Read more