Microsoft wants 20,000 more H1B visas, green cards

Infosys to hire 6,000 engg, MBA grads, promote 12,000

   

IT services firm Infosys will hire 6,000 students from engineering and MBA colleges this year. This is a sharp drop compared with the 19,000 they hired last year. 

But Human Resources head Nandita Gurjar said if needed Infosys would hire more through off-campus placements. Off-campus hiring takes place when companies recruit students who have not been placed during the regular hiring season. 

The firm will also announce 12,000 new promotions from January-April 2013 in addition to the 20,000 promotions it had announced earlier for April to December 2012. The company's employee satisfaction study, which takes places every 18 months will happen in January as well, said the HR Head. 

Infosys after two quarters announced wage increments of about 6%, which will be rolled out this quarter onwards. On site employees get a 2-3% hike. "A wage increment despite unsure economy reflects on the confidence the firm has in long-term growth," said SD Shibulal, CEO and MD. "This shows confidence in long-term strategic direction, while we believe short-term has challenges."

Microsoft wants 20,000 more H1B visas, green cards

Microsoft is pushing for legislation in the US to get 20,000 supplementary H-1B visas to be allocated for foreign personnel with science, technology, engineering and mathematics (STEM) skills. Along with that, it wants the US Congress to reallocate 20,000 green cards for workers with these skills.

Brad Smith, Microsoft's general counsel & executive vice president, legal & corporate affairs proposed these two reforms in a bog post yesterday. This is the company's plan to tackle the problem of lack of skilled American workers in the fields of science, technology, engineering and mathematics.

In his post, Smith stated: "First, Congress should create a new, supplemental category with 20,000 visas annually for STEM skills that are in short supply. In addition, Congress should take advantage of prior unused green cards by making a supplemental allocation of 20,000 new green card slots for workers with STEM skills."

Microsoft has proposed that the company's which use the H-1B visas from this supplementary pool should pay $10,000 for each employee who gets the visa, while green card approval will entail a fee of $15,000 on the company's part. Smith said, "We believe this approach could raise up to $500 million per year - or $5 billion over a decade." He said that the amount could be divided between states where STEM education is most needed.

This proposal is a step towards fixing the skill gap problem that US companies face. Microsoft itself has 3,400 vacancies for engineers, developers and researchers, an increase of 34% over last year. Smith said unless corrective measures are taken, technology jobs, not only of Microsoft but other companies' as well, can move away from the US.