Among the largest beneficiaries of the H-1B visa in the US are Amazon, Infosys, and Tata Consultancy Services.
Based on data from the USCIS H-1B Employer Data Hub, NFAP’s new analysis found that Amazon had the highest number of H-1B petitions approved for initial employment in FY 2022, with 6,396 and it also had the newest petitions approved in FY 2021 and FY 2020.
As of FY 2022, Infosys approved 3,151 H-1B petitions for initial employment, approximately 2,000 fewer than it approved in FY 2021.
The following companies had lower sales than the previous year: TCS with 2,725, Cognizant with 2,521, Google (1,562), Meta/Facebook with 1,546, HCL America with 1,260 and IBM with 1,239 respectively.
In the US labour market, approximately 165 million people make up only 0.05% of the 85,000 new H-1B petitions granted each year to companies.
American employers struggled with a workers shortage earlier, even though denial rates for H-1B visas have dropped, aggravated by a low annual cap.
During Donald Trump’s last year in office, the Trump administration lost in federal court and the H-1B denial rate returned to low levels, so the low annual H-1B petition limit is currently the largest obstacle employers face when trying to hire foreign-born employees, according to the NFAP study.