The Indian companies are likely to hire more than 40,000 US workers in the next couple of years with stricter visa regimes and corresponding wage hikes now in place.
Although tightlipped over the US government’s recent decisions on H-1B and other non-immigrant visas ,India’s top IT service companies have overall reduced their dependency on these visas and stepped up their efforts to localise workforce in the US. At a time when the companies will need to pay anywhere between 35-40% extra to the H-1B hires as mandated by the US Labour department, the Indian firms are looking to actively hire in their US offices.Over the course of last four years, the headcount in US for the top IT companies like TCS, Infosys, HCL Tech and Wipro has more than doubled.
The Indian companies are likely to hire more than 40,000 US workers in the next couple of years with stricter visa regimes and corresponding wage hikes now in place. Analysts say that the despite the localising the workforce and accelerating the offshore projects by the IT firms in india, the decision may impact the margins of the companies which are already cost-cutting to offset the pandemic impact.
Source: The New Indian Express
