Four of six prominent US tech organizations were among the main 10 employers for approved H-1B petitions in 2017, National Foundation for American Policy said in its most recent report regarding work visa popular among Indian IT specialists.
The pattern mirrors the solid interest for high-gifted talent in the US economy.
Four of 6 prominent US tech organizations – Amazon (2,515), Microsoft (1,479), Intel (1,230), and Google (1,213) – were among the best 10 businesses for approved H-1B petitions in FY 2017.
Facebook, with 720 new H-1B initial petitions approved in FY 2017, an expansion of 248, or 53 %, and Apple, with 673, a 7 % expansion, were fourteenth and fifteenth on the rundown. As per the report, Amazon had the second most number of H-1B petitions approved for introductory work in FY 2017, with an expansion from 1,416 in FY 2016 to 2,515 in FY 2017. Amazon’s utilization of H-1Bs mirrors its expanded development in the US, especially in R&D.
Likewise, the best H-1B employers among prominent tech organizations matches with the US organizations that spend the most on R&D.In 2017, Amazon spent nearly $23 billion on R&D, trailed by Alphabet (Google) with $16.6 billion, Intel with $13.1 billion, Microsoft with $12.3 billion, Apple with $11.6 billion and Facebook with $7.8 billion.
Research and development is imperative to a nation’s financial development. It is conceivable a portion of the bigger tech organizations had more achievement in picking up approvals with less general applications submitted for the FY 2018 H-1B , the report said.
However in the meantime, top seven Indian IT organizations encountered an incredible 43 % drop in their H-1B visa approvals in the vicinity of 2015 and 2017, the report said.The report included that the 8,468 new H-1B visas for Indian-based organizations in the finanacial year 2017 were just 0.006 % of the 160 million in the US work force.The main seven Indian-based organizations got just 8,468 endorsed H-1B petitions in FY 2017, a decay of 43 % for these organizations since FY 2015, when it got 14,792 H-1B visas.
The National Foundation for American Policy said in its report that the drop in H-1B visas for Indian-based organizations is because of industry patterns toward advanced administrations, for example, digital computing and computerized reasoning, which require less IT specialists, and a decision by organizations to depend less on visas and to develop their residential work forces in the United States.