The funds for private investment and the monetary institutions must specify at this time whether the professional worker would need filing of petition for H-1B visa. The H-1B area of expertise job status allowed the professionals in the fields like quantitative analysts, financial analysts, computer analysts and accountants to do job in the US.
For an person to be eligible for the status of H-1B, the employer should present position that needs bachelor degree, and the overseas citizens should have received the degree in this or in other related field. The equivalency of the degree is allowed under the restricted situations for providing the possible eligibility for the H-1B for those individuals who lack of degrees or for the individuals who had overseas degrees not related to the position offered.
As common rule, the three year job experience should be replaced for every year of the university which is missing. The individuals should hold the status of H-1B for overall period of six years and if possible for longer period of time if the permanent residency case had been started. The period of filing for the fiscal year 2017 would start on 1st April, 2016 for the requests of H-1B status effective from 1st October 2016.
The category of H-1B is suited well for the monetary institutions and companies of investment that employ students or fresh graduates of the universities of the US for one year's practical training. At the conclusion of that year, in many cases the companies are not able to continue hiring these fresh graduates without having the H-1B petitions approved on their behalf.
Unfortunately, in previous years, demand for yearly allotment of 85,000 H-1B visa has surpassed the supply. Previous year, the USCIS had received around 2,33,000 petitions for 85,000 H-1B openings during the initial five days of period of filing. If the yearly limit is reached in initial five days, the USCIS would conduct the random lottery for selecting the 85,000 petitions that would be judged. The filings which have not been selected are returned with the fees for filing.
Many aspects have added to the category of H-1B being utilized so heavily that it does not need employing entity owned by citizens of particular nation. And it does not need past experience overseas with employer. It do not depend on nationality of person and it do not depend on the shortage of eligible US employees for position.
Because of the soaring demand for the H-1B visas, the employers must start planning for next H-1B period now for ensuring that petitions are available for filing on 31st March 2016.