Reacting to the brand new restrictions on the H-1B visa programme by the US, the National Association of Software and Service Companies (Nasscom) on Wednesday mentioned the adjustments introduced will restrict access to expertise and can hurt the American financial system.
The trade affiliation added that this will even “endanger U.S. jobs, put U.S. interests at risk, slowing down R&D into solutions to the COVID crisis,” whereas reiterate that it’s important for the US market to give you the option to access skilled expertise for its companies, particularly through the COVID-19 restoration part.
The new rules notified by the Department of Homeland Security (DHS), and the Department of Labor (DoL) for the H-1B visa regime, adjustments the definitions of specialty occupation, employer, & employee-employer relationship, and limits the validity of an H-1B visa to one 12 months for a employee positioned at a third-party worksite, whereas additionally growing enforcement and investigations for these visas.
“The new rules also changes the current four-tiered prevailing wage system for jobs that U.S. employers seek to fill with foreign workers. Both rules will be issued as Interim Final Rules (IFRs), without any notice period or right to comment,” Nasscom famous.
It added that these rules appear to be based mostly on misinformation concerning the programme and runs counter-productive to their very goal of saving the American financial system and jobs. “This is particularly relevant at a time when U.S. businesses continue to face a huge deficit of STEM skills: overall U.S. unemployment rate grew from 4.1% in Jan-2020 to 8.4% in August-2020; while unemployment in computer occupations declined from 3% to 2.5% in this period.”
In the 30-day interval ending September 28, 2020, there have been over 652,000 energetic job emptiness postings marketed on-line for jobs in pc occupations, up from 625,000 vacancies within the 30-day interval ending May 13, 2020. “That is, despite the high degree of overall unemployment in the US, demand for high-tech skills continues to remain robust – clearly endorsing the argument that there are just not enough workers with relevant skills to fill them. The new rules announced will worsen this talent gap by making it more difficult for U.S. employers to hire foreign workers,” it mentioned.