For Your Employee Policies Handbook
Under Hiring Procedures / Immigration Law Compliance
Despite its innocent-sounding name, the H-1B visa program enables US employers to hire foreign employees who have come to be an important part of their workforce.
New: Minimum Salaries
For the thousands of jobs covered under the H-1B program, each comes with a minimum salary that stipulates what a foreign worker must be paid to qualify.
Rule changes announced in October increase the minimum salaries to qualify:
- For example, a junior programmer, the salary requirement jump from $78k to $112k.
- For a senior info security analyst, the salary requirement jump from $150k to $200k.
In fact, according the the SF Chronicle, many of these positions require a salary of at least $208k.
The implications for hiring are huge
US tech companies rely on the H-1B program to hire foreign programmers, engineers, and other tech workers.
Proponents of these new rules claim they protect American jobs from less costly foreign workers.
Startups will likely be most affected because they typically offer a lower salary but compensate with stock and other equity incentives to recruit foreign talent.
However, under the new H-1B rules, only the base salary counts toward the compensation requirements. Bottom line: Hiring foreign workers will simply become too expensive for many companies. Hire American?!?
In case you haven’t visited us in a while…
We accepted an offer from a Chinese company for the “www.jian.com” URL
(just the web address, not the company!) and used the opportunity to rebrand as Business Power Tools!
More of that story here…
Business under control?
Policies and procedures in place?
Your secret weapons to organize, systematize, and run your company
Now all of our business development tools from 30+ years of successful experience are
integrated into a seamless and secure online dashboard making it easy to get all that stuff done.
Hundreds of done-for-you apps templates all work alike and work together.
Learn one (in about 5-minutes) and use them all.