November 30, 2011
Exhaustion of H-1B Visa Numbers Throws A Wrench in U.S. Economic Growth!
Exhaustion of 65K General and 20K Advanced Degree Visa Caps Leaves U.S. Employers Unable to Recruit Highly Educated, Foreign-born Innovators and Job Creators for 10 Months
With the FY 2012 65,000 standard H-1B visa cap being hit last week and the 20,000 exemption for advanced degree holders exhausted since mid-October 2011, U.S. employers must wait another 10 months until they can hire new highly educated, foreign-born professionals who help grow the American economy and create U.S. jobs.
Tying America’s economic future to a set number of visas does not reflect business reality nor provide for business predictability – and is no way to grow an economy!
With the exhaustion of the H-1B cap, we need a solution that reflects employer needs. As American employers are investing in our economic recovery, demand has picked up, but businesses are impeded in hiring highly skilled professionals because the H-1B cap has been exhausted even two months earlier than last fiscal year.
Don’t stop growth now!
Give U.S. Employers the Predictability They Need to
Grow Business, Innovate and Create U.S. Jobs
Reform the Visa System for Highly Skilled, Foreign-born Professionals!
Learn more about the employment-based immigration system in ACIP’s primer. For more about ACIP, visit www.acip.com.
The American Council on International Personnel (ACIP) represents employers working to speed U.S. economic recovery, create new jobs for all Americans and advance American innovation. Our members are companies, universities, research institutions and organizations that employ the critical talent that has and will continue to build the U.S. economy and raise the standard of living for all Americans. We build the workforces necessary to keep America on the cutting edge of worldwide innovation and leading the global economy. Learn more at www.acip.com.
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| FOTW- H-1B Cap FINAL.111.30.2011.pdf | 614.42 KB |
