H-1B visa approval rates significantly raised for Infosys.

IT major Infosys said on Saturday said that it had seen approval rates for H-1B visa applications in the US increased significantly from the first quarter financial year 2021.

The company has ramped up its localization efforts across various markets, which includes the US over the past few years, and it also plans to continue recruiting at scale on the back of strong IT and digital services demand, said Pravin Rao, Chief Operating Officer of Infosys at company’s 40th AGM.

He also declared that the company would give salary hikes to staff, effective July 2021.

IT companies have been ramping up their presence in international markets like the US, the UK, and Australia by recruiting locally for the past few years to overcome visa-related challenges. Last year, Infosys announced plans to hire 12000 US workers over the next two years and hiring 25000 in the country over five years.

Rao commenting on a shareholder query, said, “Infosys has significantly localized US operations with over 65 percent, local employees. In addition, the Biden administration is reviewing the prior agency rules that are not in effect or not yet finalized. H-1B visa approval rates for the company also increased significantly, starting Q1 of FY 2021.”
He further added that the company also has many employees with approved H-1B visas and ready to travel to fulfill its client requirements.

Nandan Nilekani addressing in the AGM said that the company had hired 19230 graduates in India and over 1900, both graduates and associate degree holders outside India, to serve client demands for digital acceleration.

The company also plans to double its Canadian workforce to 4000 by 2023 and has announced plans to create 1000 digital jobs in the UK to continue post-pandemic growth. Rao said that over the last 18 months, the digital transformation had seen acceleration, especially in cloud-related solutions.

On the high attrition rates, Rao said, “Markets are opening, and companies are hiring in large numbers, which has caused increased attrition rates in the current year compared to last. We are increasing efforts to retain the company’s talent.

Infosys’s headcount was over 2.5 lakh, with voluntary attrition at 15.2 percent at the end of March 2021.

While commenting on the 30 lakh IT jobs layoff due to automation, he said Nasscom has already clarified that the IT sector will continue to hire new skilled talent.

For Infosys News and  Latest IT Industry News

Follow us on Google News and Twitter