Infosys : No H-1B visas for junior employees
Bhagyashree Vivarekar / 20 Mar 2017
Infosys has decided not to apply for H-1B visas for junior employees or employees with under four years of experience.
Infosys, the IT giant has decided not to apply for H-1B visas for junior employees or employees with under four years of experience.One of the executive of the company confirmed that they are planning with the clients regarding offshoring more work to India and the work done by junior employees can be brought to India.
Earlier this year,US Congressmen had proposed a bill about raising the minimum wage on the H-1B visa to over $130000, which is more than doubled the requirement at present.If this bill gets amended, the scenario is expected to get worse for all the Indian companies to get employed in US through the company.
Furthermore, company in its third quarter of FY17 generated 56.5 per cent of total revenue from onsite and 43.5 per cent from offshore.
“There are job requirements in US, but some customers have started asking that fewer H-1B employees be deployed onsite on their projects.We are trying to hire more onshore to deal with this issue”, Another Infosys executive said.
In today's trade, the stock of Infosys is down by almost 2 per cent and trading at Rs 1020.
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