Does WITCH companies changed their hiring strategy ??

[Tellugodu]

Are they really doing the local hiring?? It will effect their bottom line right?? How come visa independent people bear the torcher of WITCH for soo little pay ??

US work visa suspension may hurt Indian IT cos'' margins, further drive local hiring, say analysts
 

 

The US move to suspend work visas like H-1B till year-end may hurt the Indian IT firms'' margins as they will have to resort to more expensive local hiring to replace Indians, according to analysts.

A section of analysts thinks that Indian IT companies which have been ramping up local hiring can aid them in mitigating the impact of this development.

US President Donald Trump signed a proclamation to suspend issuing of H-1B visas - popular among Indian IT professionals - along with other foreign work visas for the rest of the year, aimed at helping millions of Americans who have lost their jobs due to the current economic crisis.

The order that comes into effect on June 24, is expected to impact several American and Indian companies who were issued H-1B visas by the US government for the fiscal year 2021 beginning October 1.

 

This proclamation will have negative implications for the Indian IT sector, particularly on margins...(we) believe companies with lower levels of locally hired workers will see a greater negative impact," a Goldman Sachs Equity Research report said.

The report noted that Indian IT outsourcing companies have been consistently working towards reducing their reliance on H-1B/L1 visas since 2017, and focusing on the locally hired workforce to create more jobs in the US economy.

Credit rating agency ICRA, in its report, said the temporary suspension will be "mildly negative" for the Indian IT services sector considering their high dependence on such visas.

"However, the suspension will not affect those already in the US on the visas...Currently, Indian IT services is the major beneficiary of the H-1B visa programme. USCIS issued a total of 3,88,403 H-1B visas during FY2019 (October 2018 to September 2019 period) including fresh and renewals of which share of India stood 71.7 per cent," it added.
 

 

The dependence of Indian IT companies on work visas has been coming down. With COVID-19, there are travel restrictions and it is not clear how many people would have travelled given the current circumstances. Also, people on H-1B visas in the US can seek extensions. So, we don''''t see an impact," Babu said.

On BSE, IT stocks of companies like TCS and Infosys were trading higher than the previous close.

India''s largest IT firm Tata Consultancy Services - in its FY20 annual report - had said it has hired 20,000 people in the US in the last five years. Infosys too had committed to hiring 10,000 locals in the US.

In FY2019, the total approved H-1B petitions for initial employment for the top seven Indian companies formed only 6 per cent of aggregate 85,000 H-1B petitions subject to cap, as per available estimates.

 

[Tellugodu]

local hiring accounts for 45-70 % aa ?? But why still majority h1 uncles in WITCH’s ??

 

The Goldman Sachs report said local hires account for as much as 45-70 per cent of the employees in the US for the top 5 Indian IT service firms, reducing the dependence on H1-B visas.

It cited the example of Infosys, saying in FY2016, only 35 per cent of the Bengaluru-headquartered company''''s US-based workforce was locally hired.

This has now been ramped up to 63 per cent.

Interestingly, US Citizenship and Immigration Services (USCIS) had in April said that nearly 2.75 lakh unique registrations were submitted during the initial registration period.

Apart from Indian IT companies, global tech giants like Google and others also hire Indians for high-skill jobs in the US.

The development comes at a time when the COVID-19 pandemic has disrupted businesses globally. IT companies have had to enable work from home for a significant portion of their workforce to ensure business continuity for clients.

 

[Android_Halwa]

Ivala morning ae WITCH nundi call vachindi ...Sunnyvale la 90k FT ani..! 

 

[Tellugodu]

2 minutes ago, Android_Halwa said:

Ivala morning ae WITCH nundi call vachindi ...Sunnyvale la 90k FT ani..! 

 

Wow, very good offer, you should consider it. Good Colleagues.

[ring_master]

3 minutes ago, Android_Halwa said:

Ivala morning ae WITCH nundi call vachindi ...Sunnyvale la 90k FT ani..! 

 

90k kuda enduku free ya chesi pedta anu 

[Peter123]

mega 

[Catalpha]

Learn English, you will?

[maramanishi99]

1 hour ago, Android_Halwa said:

Ivala morning ae WITCH nundi call vachindi ...Sunnyvale la 90k FT ani..! 

 

Very reasonable rate 

[Repo]

Lol bro. WITCH vallu already mails chesaru anta kada Ind lo stuck ayina vaallaki. Meeru Dec varaku remote cheyyandi and salaries review chesthamu no worries about visa Ani. 

Lol. E EO witch gaallaki budget thagginchatam kosam la undi 😂

[Android_Halwa]

Ae rakanga chusina WITCH saalegallaki idoka manchi reason dorikindi ...oka oppurtunity..oka bahana poragalaki peanuts nundi peanut shells ivadaniki

[snoww]

2 hours ago, Tellugodu said:

local hiring accounts for 45-70 % aa ?? But why still majority h1 uncles in WITCH’s ??

 

 

 

GC Citizens EAD batch desis ni kooda local America hiring account lo vestharu witch

[Tellugodu]

22 minutes ago, snoww said:

GC Citizens EAD batch desis ni kooda local America hiring account lo vestharu witch

EAD aunties okay kani , GC/Citizen, evaru veltaru baa WITCH companies, oka vela, teliyaka velina, will resign/get terminated in few months. 

[snoww]

1 minute ago, Tellugodu said:

EAD aunties okay kani , GC/Citizen, evaru veltaru baa WITCH companies, oka vela, teliyaka velina, will resign/get terminated in few months. 

On-site ki vachi EB1 lo GC kotte batch lo majority ki  bayata jobs vachentha scene ledu. Gc lu vachina akkade vuntaaru. 

[dasari4kntr]

@Tellugodu intha hatred enti baasu...no wonder you like another hate mongering @TRUMP 

[Tellugodu]

4 minutes ago, dasari4kntr said:

@Tellugodu intha hatred enti baasu...no wonder you like another hate mongering @TRUMP 

Indulo em hatred undi bro, genuine question, how come statistics are showing 50-70% of local hiring? Within couple of years, how it possible ani doubt. And every one/atleast majority will agree this outsourcing companies are unnecessary evil for US economy and labor market ani even Democratic Party leaders opposed the WITCH practices kada. US tech workers and other hate group started off because of the outsourcing companies and their practices valla kada. I don’t even know if US tech workers was existed before mass layoffs in SoCal/Abbott/evercore/Disney.