H1B Visa Process 2023, Lottery system, Top sponsor companies India

The Statue of Liberty carries this famous line.
  The sentiment resonates with millions of 
immigrants housed in the United States,   looking for an opportunity to pursue the 
American dream and live a good life.
  And a launching pad for that good life is its 
excellent education system that attracts millions   of international students from all over the 
world and the ability for thousands of employers   to recruit solid international talent.
In this video, you’ll get a comprehensive   introduction to the H1B visa process, the 
lottery system, the top H1B sponsoring   companies and some pitfalls to be aware of.
So fasten your seat belt and sit tight.
  H1B is a non-immigrant visa permit used 
by employers in the US to source their   talent from across the globe and within the 
international population in the country.
  Here’s how the USCIS describes it.
  H1B is a dual intent visa, which essentially 
means that unlike the F1 student visa,   applicants don’t have to “hide” their 
intention to stay back in the US.

  So, even though this is a 
temporary working permit,   the H1B visa holder can simultaneously 
and legally apply for a Green Card.
  And unlike the earlier days of being bonded to one 
sponsoring company until a Green Card is approved,   the new rules allow applicants to change 
jobs between H1B sponsoring companies   while waiting for the green card.
How does the H1B visa process work?
  The basic idea is that the employer interested 
in talent acquisition among non-American   citizens can sponsor the applicants 
through the US Immigration system.

  As one of the criteria, the minimum salary for 
H1B visa holders is $60,000. This is generally   not a problem considering the qualifications 
and expertise needed for such specialty jobs.   The median for H1B employees 
last year was around $108,000.
  As the first step in the H1B visa process, the 
sponsoring employer pays the fee for the H1B visa,   and files a Labor Condition Application with 
the United States Department of Labor.
  If that is approved, the 
employer then files a Form I-129,   or a petition for an H1B for the applicant.
If an I-129 is approved, the employee is legally   allowed to work with the sponsoring 
company and apply for the H1B visa.
  If an H1B visa is granted, 
the applicant is allowed to   work with the sponsoring employer in 
the US for a period of three years.

  After the first three years, the employee 
gets a chance to be sponsored again for   another three years (with certain 
exceptions for further extensions).
  And if an employee on an H1B visa loses their 
job, they get up to 60 days to look for another   H1B job offer. Or they have to leave the 
US and depart for their home country.
  Let's try to understand the H1B visa process 
lottery system and why it's required.
  Under the regular category, the USCIS allows 
up to 65,000 H1B visas for foreign employees.   There is an additional 20,000 available 
for international students with a Masters,   MBA or a higher level US degree.

These H1B limits might’ve looked big   enough at the planning stage. But the 
US underestimated the demand for it.
  Instead of exploring scientific problem 
resolution methods to address the issue,   it seems like some guy in the team who was 
fascinated by Las Vegas casinos suggested   delegating the difficult decision to lady luck.
So, out came computers to help out humanity in   distress. The nerd who originally designed 
the random number generator function – used   so commonly nowadays in computer programs 
(including the H1B visa lottery process)   might’ve never realized the devastating 
impact he’d have on so many careers.

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