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Now a third of 2015 levels as hiring in US picks up
Tata Consultancy Services (TCS) applied for only a third of the H-1B work visas this year compared to 2015, helped by increased hiring from engineering campuses and B-schools in the US. The move comes at a time when the Indian IT companies are confronted by closer scrutiny and tighter visa norms in the US, a market that accounts for nearly 60 per cent of India’s IT exports.
New Delhi: Tata Consultancy Services (TCS) applied for only a third of the H-1B work visas this year compared to 2015, helped by increased hiring from engineering campuses and B-schools in the US. The move comes at a time when the Indian IT companies are confronted by closer scrutiny and tighter visa norms in the US, a market that accounts for nearly 60 per cent of India’s IT exports.
“We have significantly ramped it (local hiring) up in the last couple of years, replicating many of the programmes that have worked very well for us in India, such as partnering academic institutions and engaging with high school students,” TCS EVP Human Resources Ajoy Mukherjee said in the company’s annual report.
He added that TCS is hiring from over a hundred engineering campuses and MBA graduates from top B-schools in the US. “All this is helping us bring down our dependence on work visas. In 2016 and again this year, we have applied for only a third of the visas we had applied for in 2015,” he said. With rising protectionism across markets like Singapore and Australia, companies are beginning to adjust their business models to reduce their dependence on visas.
