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Silicon Valley want dramatic increase in H-1B visas says Veritas CEO

February 2016, 20
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As the IT firms are struggling to find a good number of quality professionals, a leading US CEO has asked for an increase in H-1B visas, which is the most favorable among the technology firms in India for meeting the increasing demand. 

According to Bill Coleman, CEO, Veritas, Silicon Valley thinks that the policy of H-1B visa requires to be increased. The companies here cannot recruit enough number of individuals, as they are not available here. The salaries here are touching the skies, as everyone is competing to recruit from everyone else.

Veritas has its major centre in Pune, India, which is having around 1,700 individuals working for this firm; Coleman told that he is planning to move around some of its facilities to India from Florida.

The US H-1B visa is designed to permit the employers of the US to hire and employ overseas professionals in specialty occupations in the US. But the US has imposed an extra fee for few categories of this H-1B visa.

The economy of the US is on its way to revival where the rate of unemployment is less than 5%, Coleman has pointed out that there is huge shortage of quality IT professionals, Silicon Valley is facing.

He said that if you view the websites of Facebook, Google or Apple, you would find many of the open jobs that are available, as they could not find best individuals and that is the reason why they are hiring those candidates at much higher salaries.

He also said that the H-1B visas should be issued based on the demand from market and the increase of its program is among the leading priorities for Silicon Valley.

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