President Trump’s recent executive order has significantly increased H-1B visa fees, which many believe will impact the hiring landscape for IT companies. While officials argue this move will encourage US companies to hire locally, experts suggest that it will more likely drive businesses to seek workers from nearshore regions like Mexico, Colombia, and Costa Rica. Given existing IT workforce shortages in the US, companies may opt for nearshore alternatives where they can find available talent without facing the financial burden of high visa fees.
The experts also note that while major corporations might adapt easily to these changes due to their established international frameworks, smaller companies may struggle. The complexities of managing an international workforce, along with the potential for legal and operational hurdles, may deter smaller employers from employing foreign talent. Additionally, emerging markets in Latin America and even farther regions like Southeast Asia are attracting interest, leading US companies to rethink their strategies for accessing skilled talent, especially in high-demand fields like software development and cybersecurity. The shift promises to redefine company hiring practices and structures in light of the new financial landscape.
👉 Pročitaj original: CIO Magazine
