Microsoft proposed 20,000 new H1B Visas and 20,000 green cards, each year!
Microsoft said Thursday that it has some 6,000 open positions in the U.S., and is creating new jobs faster than it can fill them. It proposed to pay the government $10,000 for H-1B visas in a new "supplemental category," and $15,000 for STEM green card visas.
Microsoft presented a plan to add 20,000 H-1B visas and an equal number of STEM visa green cards to help companies get qualified workers.This shows how Technology Giant Microsoft is lacked of skilled workers and want to recruit more H1B Employees. This proposal applies to all companies who is going to use the pool of extra visas.
Microsoft is recommending that Congress invest the money paid for the visas -- estimated at up to $500 million year -- in Science, Technology, Engineering and Math, or STEM, education programs.
The company presented a paper with recommendations on improving STEM training.
Microsoft says the 6,000 open jobs it has in the U.S is an increase of 15% over the number open last year, and that over 3,400 of those jobs are for researchers, developers and engineers.
"Our nation faces the paradox of a crisis in unemployment at the same time that many companies cannot fill the jobs they have to offer," Smith said.
He warned that if the positions can't be filled locally "we risk these jobs migrating from the U.S., creating even bigger challenges for our long-term competitiveness and economic growth."
Smith said Microsoft spends 83% of its R&D budget in the U.S. today.
It isn't clear whether Microsoft's proposed $10,000 fee will replace any existing charges applied to an H-1B visa.
The visa already has a variety of fees, including a $325 base filing fee, plus a $1,500 fee for employers with 26 or more full-time employees. There is a $500 fraud detection fee, and a $1,225 premium processing fee for expedited processing.
In 2010, Congress added a $2,000 fee on top of these charges for any company that has more than half of its workforce on H-1B or L-1 visas. This fee was aimed at offshore outsourcing firms.
The H-1B visa cap is currently at 85,000, which includes 20,000 visas set aside for advanced degree graduates of U.S. universities.
The U.S. begins accepting H-1B petitions on April 1 for the next fiscal year.
In April of 2008, still months before the collapse of Lehman Brothers in September that year, the U.S. exhausted the visas within one week. But after the recession, demand slowed. In 2011, it took 10 months to use up the visas. But for fiscal year 2013, which begins Oct. 1, the visa cap was reached in one month.
Microsoft is introducing the visa plan by itself, and will likely get support from some groups that advocate on skills immigration issue. But whether it goes anywhere with lawmakers that may be left until next year.
There is a lot of support in Congress to expand the green card program for foreign students that earn advanced degrees.
