Many hiring managers associated with companies operating in the tech industry have to deal with H-1B visa petitions on a regular basis. At this time, the program faces a lot of uncertainty based on government policies relating to the program being under review.
It has been asserted that these visas should only be given to foreign workers with the highest level of skill, and those holding the visa shouldn’t be used to replace Americans who can perform the work.
As more attention was drawn to the issue, many people began to wonder what H-1B visa holders actually receive for salaries. Here is some insight into that question.
Top-Paid H-1B Visa Holders
It’s no surprise that some of the highest H-1B visa holders are working for large tech companies that are known throughout the world. For example, those working for Apple earn an average annual salary of $139,000 while visa holders at Google bring in $132,000. Microsoft pays an average of $126,000, while Cisco and Amazon provide average annual salaries of $121,000 and $115,000, respectively.
To put that in perspective, the average H-1B visa holder makes around $91,000, based on data from 2016.
Where Do Most H-1B Visa Holders Work?
While many would assume tech companies employ the highest number of H-1B visa holders, that isn’t the case. In fact, the majority of approved visas go to business consultancy firms. This includes companies like Accenture, Cognizant, Infosys and Tata Consultancy Services. And, in most cases, these companies paid their visa holders far less than the tech giants listed above.
What Is the Purpose of the H-1B Visa Program?
The original intention behind H-1B visas was to ensure that U.S. companies could access highly skilled talent for positions that prove hard to fill. Visa holders aren’t supposed to replace competent American employees or job seekers who could reasonably do the work, though saying that never occurs would be naïve.
Currently, the IT unemployment rate is shockingly low, especially for in-demand specialties like programming. Many tech businesses argue that restricting the program could harm companies who otherwise couldn’t find the talent they need to sustain business operations.
Do Visa Holder Salaries Matter?
Regardless of whether your company employs H-1B visa holders, it is important to understand what they make. For one, it is a critical piece of data for budgeting the potential addition of a visa holding employee. Second, these salaries will affect the expectations of American employees working in the field.
All salary data is relevant, and this represents a piece of the larger puzzle regarding what top talent needs to be offered in order to secure and retain them as employees. And, if the H-1B visa program is altered by the government, salaries of workers may actually have to rise if you hope to stand out from the competition and gain access to skilled job seekers.
If you want to learn more about the impacts of H-1B salaries or are looking for a new IT professional to join your ranks, the team at The Armada Group has the expertise you can rely on. Contact us today to discuss your needs and see how our services can help you find the right candidates for your vacancies.