For many U.S. companies, the ability to hire foreign nationals can have a significant impact on the success of their business. However, many believe that the current system is in dire need of improvement and the important role that immigrants play in stimulating the American economy needs to be better recognized.
Every year, thousands of U.S. companies invest a significant amount of time and effort towards immigration and visa processes of prospective employees from other countries. For many of these companies, the people they are trying to hire are crucial to the success of their business. In addition, they feel building a diverse workforce gives them a competitive advantage over other companies.
The current system makes it difficult for companies to obtain H-1B visas. In 2015, approximately 233,000 applications were submitted for only 85,000 H-1B visas, 20,000 of which were for foreigners with a U.S. Master’s degree. As a result, a lottery system was established to determine who receives a visa. Unfortunately, this often means losing talented individuals who end up working overseas for companies that compete with the U.S. companies that had been recruiting them. In addition, those jobs are left unfilled and the time and work involved in the recruiting process must start again.
When a company loses a candidate in the lottery, their options are not ideal. They can delay filling the position for a year and hope that that same individual is still available and interested in the job; the employer can apply for another type of visa for the job candidate, which is unlikely to happen; or they can re-open the position, which can sometimes take up to six months to recruit a new candidate.
In addition to immigrants hired to work for U.S. companies, immigrants who start their own companies play a very important role in the U.S. economy. Forty percent of all Fortune 500 companies were started by first or second-generation immigrants. Immigrant-owned companies also generate a total of one trillion dollars in revenue, and employ one in every 10 Americans.
Philadelphia Immigration Lawyers at Surin & Griffin, P.C. Assist Clients with All Aspects of the Immigration Process
Securing the proper visas for prospective employees from other countries can be a complicated process. Philadelphia immigration lawyers at Surin & Griffin, P.C. are here to assist you in all aspects of the immigration process so that you can hire qualified individuals from other countries that are the right fit for your company. Our offices are located in Center City, Philadelphia with easy access to public transportation. For a confidential consultation, call us today at 215-925-4435 or contact us online.