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USA: "Incentive Plans Hit By Economy As Companies Evaluate Alternative To Retain Valuable Employees"

USA: "Incentive Plans Are Hit Hard By Economy As Companies Evaluate Alternative To Retain Valuable Employees. 12-page report by Deloitte.

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back to index backAMERItalk July,  2005


H-1Bs (visas) not going like ‘hotcakes'

Congress approved 20,000 new H-1B visas late last year in response to industry pressure, but only 6,400 visa petitions have been submitted to U.S. Citizenship and Immigration Services (USCIS) since the agency began accepting applications on May 12.

"We had anticipated that the petitions might come in at a much faster rate," says Chris Bentley with USCIS. The additional visas are reserved for foreign professionals with a master's degree or higher from U.S. academic institutions.

Opponents of the H-1B program claim it has encouraged offshore outsourcing, undercut U.S. salaries, and is highly susceptible to abuse. Industry leaders say the program helps curb offshoring, insisting that H-1Bs can ease shortfalls in skilled labor as well as give U.S. companies access to overseas talent as global competition increases.

On Oct. 1, 2004, USCIS said it had already received enough applications to fill the annual cap of 65,000 H-1Bs for fiscal 2005, and later admitted that it approved 10,000 too many petitions. This could mean that the annual cap for fiscal 2006 will be surpassed by 6,500 visas, since approximately two-thirds of approved petitions translate into actual visas, according to Bentley.

Source: Globality newsletter - GAI


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Foreign makers, settled in South, pace car industry
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