INDIAN IT firms may be relieved that proposed changes to the H-1B visa programme are unlikely to become more restrictive. However, the adjustments could still significantly impact their cost structures, hiring strategies, and workforce dynamics in the United States, their largest market.
The proposed revisions, which include raising minimum wage requirements and introducing additional fees, may lead to a permanent shift in cost structures for Indian IT services firms.
Zubin Morris, partner at Little & Co, highlighted the financial impact of higher wages. "Indian IT firms, which have traditionally benefited from lower labour costs, would face substantially higher salary obligations to comply with these norms. Margins on US projects might shrink as firms absorb higher wage costs," he said.
この記事は Financial Express Lucknow の December 31, 2024 版に掲載されています。
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この記事は Financial Express Lucknow の December 31, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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