The 7,299 approvals accounted for five.2% of the overall approvals for FY24 and 0.004% of the US civilian workforce. Total, H-1B denial charges remained low in FY24, at 2.5%, down marginally from 3.5% in FY23, the evaluation discovered.
Nonetheless, denial charges might improve if the incoming Trump Administration returns to the restrictive insurance policies that employers noticed in his first time period, NFAP stated. In FY24, Amazon had probably the most authorised H-1B petitions for preliminary employment, at 3,871, decrease than its totals of 4,052 in FY 2023 and 6,396 in FY 2022. This was adopted by Cognizant (2,837), Infosys (2,504), TCS (1,452), IBM (1,348), Microsoft (1,264), HCL America (1,248), Google (1,058), Capgemini (1,041) and Meta Platforms (920).
Notably, Elon Musk-owned electrical automobile maker Tesla confirmed a big improve in approvals in FY24, rising to sixteenth place after not that includes among the many prime 25 employers in earlier years. It noticed 742 – greater than double its complete of 328 in FY 2023 and 337 in FY 2022 “Given Tesla’s wants in manufacturing, analysis and improvement and different areas, the corporate requested H-1B visa holders to fill many positions for engineering, software program, provide administration and different specialties,” the report stated.
ETtechUncover the tales of your curiosity
The US has an annual restrict of 65,000 H-1B visas, with an extra 20,000 for overseas nationals with grasp’s or larger levels from US universities. About half the authorised new H-1B petitions in FY 2024 (49.1%) had been in skilled, scientific and technical companies, adopted by instructional companies (11.9%), manufacturing (9.3%), and well being care and social help (6.5%). —
Discover more from News Journals
Subscribe to get the latest posts sent to your email.
