U.S. Immigration Bill offers both opportunities, challenges: TCS
Country’s largest software exporter Tata
Consultancy Services (TCS) on Thursday said the proposed U.S. Immigration Bill offers
both opportunities as well challenges, but stated it is too early to arrive at
a conclusion.
“It is too early to comment. We will
have to wait and watch...but it has both opportunities and concerns. Our goal
is to engage in the process as the bill is being debated,” TCS executive
vice-president and head of global human resources Ajoy Mukherjee told reporters
during a post earnings media round-table in Mumbai.
“Good that it is comprehensive but what
are going to be the restrictions are some of the concerns,” he said.
Officially called the Border Security,
Economic Opportunity and Immigration Modernisation Act, 2013, the Bill being
pushed by the Obama administration gives the domestic IT professionals in the
US a 60-day period to find a new job after they lose the existing one, among
several other sweeping reforms.
The bill has been already introduced in
the U.S. Senate and Congressional hearing begins Friday.
Mr. Obama has already backed the Bill
that seeks to put curbs on the use of H-1B visa for those companies which have
a higher ratio of work force under this category.
Out of the $108 billion software exports
from the country, as much as $46 billion comes from the U.S. alone and most of
the domestic IT companies fall under this classification. As a result, these
companies will also have to shell out more fees to get H-1B visas, if the draft
legislation is cleared by the Congress and is signed into law by Mr. Obama.
The bill specifies that if an employer
has 50 or more employees, and over 30 per cent but less than 50 per cent are
H-1B or L-1 employees (who do not have a green card petition pending), the
employer will need to pay a $5,000 fee per additional worker in either of these
two statuses, the outline of the bill said.
In case the employer has 50 or more
employees and more than 50 per cent of these workers are H-1B or L-1 employees
who do not have a green card petition pending, then the companies will have to
pay a $10,000 fee per additional worker in either of these two statuses.
As such, domestic companies like TCS,
Infosys and Wipro will have to pay $10,000 for each additional H-1B employee
they would be hiring.
On the positive side, the bill, proposed
by a bipartisan group of eight senators, will allow 11 million undocumented
immigrants, including 2,40,000 Indians, to become American citizens
mukesh kumar
pgdm 2nd
No comments:
Post a Comment