The latest changes to the H-1B visa program introduced amid a tough US presidential election campaign are expected to directly affect technology companies, foreign workers, and employers who rely on these non-immigrant US visas.
“IT services providers can expect delayed decision-making and hence even longer sales cycles, besides expecting requests from clients to renegotiate existing contracts. This might well mean smaller and more expensive contracts (on the back of increased cost of delivery) here on,” said Sanchit Vir Gogia, CEO and chief analyst, Greyhound Research.
The changes come just a month ahead of the US polls, with president and Republican candidate Donald Trump pitching for saving American jobs, even as doubts remain on the availability of sufficiently qualified talent in the US.
Higher wages will impact startups and smaller firms, who may not be able to meet the increased wage requirements. Gogia said the changes will add immense cost pressures on these companies and make existing locally available skill sets more expensive.
“Whether the US-based firms use local resources or use partners for the much-needed IT skill sets, they will need to spend more,” he added.HT Mint
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