It is not going to be easy for Indian IT service companies to overcome the vast difficulties that it is facing right now as they are more likely to start implementing the proposed US bill on US H-1B visa restrictions from becoming the law. Suggestions are now open by many founders and co-founders that Indian companies can start the hiring locally as a solution is not going to be a workable one lately.
The US president wants to keep up with this poll promised of providing more jobs to native Americans and many bills were proposed initially before the visa restrictions become law. The bill was more likely to increase the costs of the Indian IT firms who are driving 60% of the revenue from the US and to also send much Indian staff on this visa to the US on h1b visa sponsorship jobs. These Indian software firms need to stop sending people on these visas and focus on more local hiring.
These firms must recruit Americans for American jobs, Canadians in Canada, British in Great Britain etc. This is the only way where they can truly become a multinational company and to do that these companies must stop using the visa to send a large contingent to work in the US and deliver the services. The Indian Mindset is already bent on being the soft option and multi-cultural that it is going to be a very hard option and not be so easy at all. Most of the experts do not endorse the views above and it is not right to say that the use of H1-B visas is a soft option and is ironical that the industry biggies themselves think so.
Indian companies like TCS, Wipro, Infosys are accounting for more than 85,000 new workers as per reports and the US currently is watching the numbers this year. These three firms have long since used the skilled worker visas to fly computer engineers to the US which is their largest overseas market to service the clients on a temporary basis. When the new president wanted to increase the minimum salaries and Indian companies were not able to do that as the margins could not be met and the bill too was shot down too. There are many firms who do a salary fitment and try to match it with peer groups in the US and the local US employees are paid the same as their foreign counterparts in the US in terms of experience and grade.
This is one policy that must be maintained and followed which the Indian IT firms who are h1b sponsoring companies too did not do leading to disparity and backlash equally. Local hiring can be considered an excellent choice provided the firm finds the right skill sets. The dependency for the US organizations on the H1-B is also very high and raising the salaries for them is an issue and which is not an easy solution to that can be effected by hiring the locals. You cannot just tell that the Indian firms alone are to blame but the US companies to are said to be benefiting with their foreign employees working in US soil. We will continue to elaborate more on this in the next blog