Monday, August 15, 2005

Specialized Visas Gone Next Fiscal Year

The U.S. Citizenship and Immigration Service says it has run out of the 65,000 H-1B visas the earliest ever, two months before they are valid. Will this mean that American engineers, computer science and medical grads will have a better opportunity at finding employment? Who knows? Last year a law enacted authorized another 20,000 H-1B visas for masters and higher degree graduates. So far 8,000 of those have been given out. So what's the big deal?
The businesses will tell you of the shortage in high tech applicants, BUT those who understand business expenses understand the deal. These visas are only good for six(6) years. Then the foreign worker must leave the country for one (1) year before he or she can reapply for another high skill visa. Benefits cost to a company are burdensome. Under this program a worker must leave before any retirement benefits are vested at most companies. There is a large world headquarters of one company in my home town that takes advantage of this type worker on a regular basis.

So, if you're an engineer or computer geek, you are going to have a small window of opportunity. Start preparing those resumes.

Just an observation.


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