US visa restriction – Challenging times for the IT sector
Ever since the Trump Government has taken the oath, there had been recurrent policy changes for the immigration and work permit rules in the land of the US. This has affected the IT outsourcing industry in a big way and had resultant in a lot many changes in the basic framework of IT resource outsourcing to the Unites States. Moreover the resultant of recent cases of attacks on the immigrants of Asian origin in the US has also led to adversely affecting the willingness of the IT professional to get lured by the bright IT career in the US. Also, US visa restriction has resulted in severe pressure on the profitability margins and overall skill shortage challenges for the big IT vendors like TCS, Infosys, HCL Technologies, Wipro etc.
The newest addition to US visa restriction will only add fuel to the fire further deepening the woes of the Indian IT companies as observed by the National Association for Software and Services Companies (NASSCOM). The norms of the HR 170 along with the doubling of the visa fees had already burdened the Indian Tech companies with higher cost involvement in procuring work visa for the talented employees putting Indian IT companies under extreme pressure of overall margins on their business.This along with the tough competition these companies faced with the overseas rivals will only lead to further chaos in the Indian ecosystem of IT jobs in India.
This artificial distinction being created by the US government will adversely affect the overall performance and growth of IT industry in the US as the companies will start looking newer destinations to grow their IT capabilities where the visa norms are in coherence with the business requirements. Under the light of these circumstances countries like Canada and Mexico are already getting a boost in the IT migration population. The HR170 norm under the “Protect and Grow American Jobs Act” is one such corporate discrimination act waiting for the final nod from the US senate. It has already been passed by the House Judiciary Committee last month.
