Outline
Utilizing the advantages of the H-1B opportunities
April 26, 2024
The H-1B visa stands out as the preferred choice among international students and graduates aiming to work and reside in the US, and there are compelling reasons behind its popularity. If you’re either an H-1B visa holder or an employer sponsoring individuals on this visa, continue reading to discover how to optimize its advantages.
An H-1B visa is a non-immigrant visa enabling skilled foreign professionals to work for US employers. Due to their high demand, there’s an annual cap or limit on the number available. In 2023, only 14% of H-1B registrations were selected in the lottery system. To circumvent the lottery, one can pursue employment opportunities with H-1B cap-exempt employers. Cap-exempt H-1B employers and their visa holders enjoy identical benefits to those subject to the lottery.
Advantages of the H-1B visa
The advantages of the H-1B, employer-sponsored visas, prompt employers to initiate the H-1B lottery, file the H-1B petition, and cover the associated visa fees for the sponsored international worker. Why do employers undertake these tasks? The reason lies in the multitude of benefits that the H-1B visa offers not only to employers but also to the visa holders and their families.
Advantages of the H-1B visa for employers
- Expands the talent pool: Certain sectors in the US, such as healthcare and hospitality, are encountering notable workforce deficits. The H-1B visa initiative enables firms to recruit top-tier talent irrespective of their origin, thereby mitigating labor shortages by prioritizing highly skilled professionals.
- Enhances workforce diversity: Studies indicate that a more varied workforce fosters innovation and enhances global competitiveness, which can lead to greater business success. Recruiting multilingual employees also enables companies to access non-English speaking markets.
Advantages of the H-1B visa Holders
Some of the benefits of the H-1B visa are well-known while others may be new to visa holders.
- Work authorization for six years: The duration of work authorization is determined by mutual agreement between the employee and the employer, but the H-1B visa can extend up to six years. Typically, the initial visa is granted for three years and can be extended for an additional three years.
- Assured prevailing wages: H-1B visa holders are guaranteed a specific wage based on factors such as experience, education, job role, and geographic location within the US. Generally, this compensation exceeds the average pay for domestic workers in similar positions.
- Job flexibility: H-1B holders have the flexibility to change employers relatively easily by having the new employer file an H-1B Change of Employer petition on their behalf. The employee can commence their new role upon petition submission without awaiting approval.
- Dual intent status: The H-1B visa is classified as a dual intent visa, allowing holders to pursue a green card application while on temporary visa status. This offers a clear pathway to permanent residency if desired.
- Potential for visa extension beyond six years: H-1B holders with an approved Form I-140 can seek an extension while awaiting the opportunity to submit a green card application. This is particularly advantageous for individuals from countries with lengthy green card processing times, such as India or China, who wish to continue working and residing in the US.
Advantages for H-1B visa holders spouse and dependents
As an additional advantage for H-1B visa holders, their immediate families can lawfully accompany them to the US. They are issued H-4 visas, which entail the following perks:
- Spouses have the freedom to enroll in colleges or universities without requiring additional authorization.
- Unmarried children under the age of 21 can attend schools without the necessity of a student visa.
- Spouses can apply for work authorization using Form I-765
At present, only specific spouses of H-1B visa holders are eligible to seek employment authorization. Once approved, they are permitted to work for any US company upon receiving their Employment Authorization Document (EAD). This presents a valuable opportunity for spouses to contribute to their families’ income and establish a fulfilling life in the US.
Wrap up on H-1B benefits
If you’re still undecided about whether the H-1B visa suits your needs, reflect on the advantages outlined in this article and how they align with your professional objectives. Will sponsorship aid your company’s expansion or bring you closer to attaining permanent residency? While the H-1B visa can offer benefits to employers, employees, and their families, securing it through the H-1B cap lottery can be challenging due to high demand and associated fees. If you weren’t selected in the H-1B lottery or are exploring alternative immigration options, consider examining this post on H-1B visa substitutes.
Related Post: Tips to Consider When Traveling While in H-1B Status
TAGS: