Employers who wish to hire foreign specialty workers should immediately consider preparations for filing a petition to sponsor H-1B workers for fiscal year 2013, which starts as of Oct. 1, 2012. Petitions for worker start dates on or after Oct. 1 may be filed as of April 1, and it should be noted that a flurry of early filings are expected this year.
Petitions must be filed promptly in order to avoid being shut down by the annual cap limitation for the H-1B program (cap amount of 65,000 expected for FY 2013). Last year, the cap amount was reached in November, and in the prior year, it was reached in late December.
The last fiscal year also produced an increase of more than 23,000 H-1B visa petitions over the prior year, as well as an increase of more than 26,000 petitions for full-time workers.
Furthermore, economic conditions have changed significantly in the past year. The NASDAQ crossed the 3,000 mark on March 13, and many high-tech companies listed on that exchange are among those competing for H-1B workers, who are often in specialty occupations that require theoretical or technical expertise, such as scientists, engineers, or computer programmers.
Manufacturing activity has climbed as well, and there has reportedly been a significant uptick in H-1B demands associated with skilled factory workers.
Some prognosticators have even predicted that the cap limits for H-1B petitions could be reached prior to June this year – that is less than two months after the opening of the April 1 window for Fiscal Year 2013.
If you are in need of more information or professional counseling with regard to business immigration, please check the pertinent section of our immigration law Website or call our offices at (847) 564-0712.