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H1B Math Pegs Cost At USD 500 mn For 5,000 New Filings; May Spur Offshoring, Local Hiring: Experts
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"With localisation drives in the US and higher local hiring, only about 20 per cent of employees are currently based on-site.
It alleviates concerns on business continuity and uncertainty for H-1B holders that were outside the US, as per the association.
The H-1B visa fee ranges from about USD 2,000 to USD 5,000, depending on employer size and other costs.
"The clarifications tweak the applicability to new H-1B visa applicants, not existing visa holders or renewals.
Eventually, all this will bring the focus back on hiring local talent in the US to reduce dependence on H-1B visa holders.
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