According to a recent study, the primary issue now facing firms looking to hire foreign-born talent is the low yearly cap for US H-1B work visa petitions. Following the administration's setbacks in federal court during former President Donald Trump's final year in office, the National Foundation for American Policy (NFAP) said in a new study issued on thursday that the denial rates for H-1B visas have reverted to low levels. The US Citizenship and Immigration services (USCIS) announced that firms submitted more than 483,000 H-1B registrations in april 2022, about 400,000 more than the 85,000 H-1B petitions allowed year.
For (new) H-1B applications for beginning employment in FY 2022, the refusal rate was 2%. After judges ruled that many of the trump administration's H-1B-related acts were illegal, the rate decreased in the final year of his presidency. The denial percentage for new H-1B petitions for initial employment in FY 2021 dropped to 4% as a result of a judicial settlement and revisions to restrictive immigration laws, which is much lower than the denial rate of 24% in FY 2018, 21% in FY 2019, and 13% in FY 2020.
The study, which used information from the USCIS H-1B Employer Data Hub, also discovered that Amazon, Infosys, and tcs were the three companies with the most H-1B applications for initial employment that were approved in FY 2022, with a total of 6,396. (2,725). Only 0.05% of the approximately 165 million persons in the US labour force are represented by the 85,000 new H-1B petitions that firms are permitted to file each year. Hiring a highly competent foreign national, particularly an overseas student, frequently requires an H-1B petition.
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