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15 Aug 2010, 00:36
Kudos
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There was a steep rise in the cost that the companies will bear for employing a non-US citizen.
How is that going to affect the job market? Is it still worthed for a non-Us citizen to risk his/her life saving or take a huge loan for a job opportunity that might not exist anymore?
Please share your thoughts with your backgrounds as well.
For me, I am an Indian and have a work ex of 2.5 years in the aviation industry
How is that going to affect the job market? Is it still worthed for a non-Us citizen to risk his/her life saving or take a huge loan for a job opportunity that might not exist anymore?
Please share your thoughts with your backgrounds as well.
For me, I am an Indian and have a work ex of 2.5 years in the aviation industry
15 Aug 2010, 05:22
Kudos
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Yikes! Looks like the senate passed a bill that would increase the H1-B application fee from $1500 to $5000.
It hasn't passed the house yet, so it's not a sure thing.
I would imagine this would have a negative impact on companies looking to hire H1-Bs. It's not a small increase.
Probably just depends on the company to be honest. It's not cheap to hire anybody, let alone an MBA grad, so if the cost of employing them went from $450K over three years, to $454K over three years, is it really that big of a deal?
RF
It hasn't passed the house yet, so it's not a sure thing.
I would imagine this would have a negative impact on companies looking to hire H1-Bs. It's not a small increase.
Probably just depends on the company to be honest. It's not cheap to hire anybody, let alone an MBA grad, so if the cost of employing them went from $450K over three years, to $454K over three years, is it really that big of a deal?
RF
15 Aug 2010, 07:11
Kudos
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I don't think the cost matters so much when put in contrast to how much of a pain in the ass it is to do an H1B. First, most the big firms use an outside lawyer (typically fragomen) who will easily rack up fees higher than this. Then there is the job advertising and petitioning each year. The cost is but one small piece. Maybe some will balk, but they will only be the marginal firms (of which there aren't many anyway). Big firms will still do as they do.
Good day! 
