I'm sure this fact is going to be bandied about in the days to come. There are 11000 H1B's left at the end of 2010 as per USCIS stats ? Does it mean the rush for H1's is over ? Is this the end of an epoch ?
I think there is some real economic lessons to be learnt here. While the economic downturn has been the stated reason, I'm sure part (or rather a MAJOR part) is owed to the fact that there has been a new $2000 increase in the fee for filing H1s.
While $2000 may not sound big in the scale of things, I think this was sufficient discouragement (or should I say disinvestment) to prevent organizations from filing blanket H1s and then putting people on hold until the project came through ?
It'll be interesting to study this in greater detail from a cause-effect process if not in the coming years, atleast over a window of 7 years ?
Also interesting would be to look at the reverse impact on the Indian IT front ?
Given the tightening of process @ both US and UK entries, I'm sure that there is going to be some much needed hiring "flex" available over the next few years esp. in the 5-9 year experience bracket.
A much needed "flex" if you ask my opinion !
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