Top Tech Companies which had highest number of H1b visas last Year
Foreign professionals who earn an annual salary of more than $60,000 are eligible to apply for the H-1B, which allows employment in the US for up to six years. Each year, the 85,000 are issued to college graduates. Of these, 20,000 are allocated solely to masters’ students. Foreign-born workers comprise nearly 17% of the US labor force. While they work in various sectors, the H-1B is especially popular in tech. Nearly two-thirds of the H-1B visas allocated in 2014 went to those in computer-related occupations. Companies such as IBM, Google, Apple, Amazon, and Microsoft import a sizable amount of talent. India-based companies like Infosys and Tata Consultancy Services (TCS)—the top two sources of applications for the H-1B—are major exporters of software and also they contract out thousands of workers to tech companies across the US.
However recent GOP legislation proposed by senator Ted Cruz of Texas and US attorney general pick Jeff Sessions would essentially end the H-1B program by requiring all applicants to have a PhD, have at least 10 years of experience, and receive a minimum salary of $110,000 (up from the current $60,000). A bill introduced in January by Californian congressman Zoe Lofgren, a Democrat who represents Silicon Valley, proposes scrapping the H-1B lottery system and prioritizing applicants for whom employers are willing to pay 200% of existing wage levels. It advocates more than doubling the minimum required salary to to $130,000, to guarantee a place for high-paid, high-skilled labor.