Free Essay

Consequences of the Changing Norms of Visas

In: Business and Management

Submitted By Kawalpreet
Words 406
Pages 2
The proposed changes in the norms of the visas will cause a lot of stress in the indian it scenario specially where they are highly dependent on their visas.
The companies having higher workforce under the category of H1-B visa will suffe the same, in this category unfortunately, most of Indian it companies will fall.
The amount of the fee these companies will have to pay would be much higher. Any employer which have more than 50 employees and have more than 30% but less than 50% will fall under category H1B or L1.
The employer needs to pay $5000 for employee who is an extra for either of the standard. The employer which has more than 50% of the employees with H1B or L1 will have to pay $10000 fee.
This is going to effect companies like TCS, WIPRO and Infosys. But will be useful in case of IBM, Dell etc which are US based. The proposed reform to the H1B visa standards were under the Senate’s comprehensive bill. It has the potential to cast a profound impact on the outstanding industry.the US government has accused Indian it companies of using the visas unfairly to send the employees from india at a lower cost, which impacts job creation in US.
Most IT companies have said this would impact margin by 20 to 30 basis points and they would counter it by increasing hiring in US. Also it clears the opportunity of the local US players to get sub contracting from the bigger players.
The impact on the revenues of the big companies such as Cognizant, TCS will give birth to theneed of change of business model IT providers that need to evaluate the options such as acquisition and larger presence in smaller US cities. Proportion of work may be needed to increase from 60 to 70% to 80%, they might need to employ local employees or perform small acquisition to get the employer strength needed.
Dealing with the possible solution of lobbying Nasscom might not be able to pitch in the favour of Indian IT industry as the US govt. Have, in any case anticipated the strategic move discussed above, further the newer technologies like Bigdata, analytics and healthcare are emerging in US and US govt. would like to create a parket for its own production. The unemployment rate in US rules out all possibilities of Nasscom, lobbying for Indian IT industry.…...

Similar Documents

Premium Essay

Social Norms

...Violating Social Norms I. Social Norm Violated Society today is shaped by norms and customs that we as humans abide by. Many norms are followed without opinion or realization that it is being done. Norms are unwritten but traditionally followed. One norm that is an understood rule is how one should behave in an elevator. For instance, it is proper to face front, stand with a respectable distance away from the person next to you, to look forward, and not stare. Being polite is acceptable with a greeting or so but normally that is all. I violated this norm by standing very closely to people as they entered the elevator and uncomfortably staring at them, I also faced the back of the elevator and sang loudly. That one was easiest for me because I didn’t really have to look at the person the entire time but the consequence was I did not get to fully visualize their reaction. II. Reaction of Others When a social norm is broken people may respond with alarm, humor, fear, irritation, or an array of other emotions. When you think of a norm, you are probably thinking about being normal. But in psychology terms, norm means, a standard or representative value for a group. The norm that is more universal to people is social norm. Meaning expectations about what behavior, thoughts or feelings are appropriate within a given group within a given context. While I violated the social norm of elevator etiquette, I had a few different reactions. I first faced the back of the......

Words: 1335 - Pages: 6

Premium Essay

Consequences of Changing the Military Retirement System

...Consequences of Changing the Military Retirement System The military retirement system has been largely unchanged since the 1940s. The Defense Business Board says, “The [retirement] system was designed in an era when life spans were shorter, draft era pay was substantially less than civilian sector pay, second careers were less common, and skills acquired during military service were not transferrable to the private sector” (“Modernizing the Military Retirement System”). With national debt exceeding $16 trillion, there is no question that budget cuts need to be made. To reduce debt, the government is considering altering the current military retirement plan. Updating the military retirement system is one way to trim a small amount of spending, but that would come at a great cost to national security. For many service members, the only reason to stay in the military for 20-plus years is for the benefits. When service members retire from the military, they receive healthcare for a minimal fee, tax-free shopping on base, and a pension that pays two-and-a-half percent of their base pay for each year of service. Considering some retire at age 38, the pension can become very costly over the course of one’s life. The normal civilian-sector job does not receive any type of these benefits, but the civilian sector is vastly different from the military. Military members must stay in top physical shape; move every three to four years; deal with multiple deployments to combat zones;......

Words: 875 - Pages: 4

Premium Essay

Visa Ipo

...AdKeller Graduate School of Management at DeVry College of New York Managerial Finance FIN516 Initial Public Offering By: Ayanna Teesdale Tianyi Liu Marco Palli Cafarelli Prof. Dr. Hamlet, Michael. January – February 2013 EXECUTIVE SUMMARY Condensed information of Visa Inc. is presented by revising the historical events and based on the respective 10-K Filing that this company published every year since its Initial Public Offering (IPO). First, the paper opens with a review of the company and its industry. Second, the Financial and Non-Financial facts are reported based on information stated on the Security and Exchange Commission (SEC) filings. Followed by an analysis that describes how successful was the IPO in raising capital, which continues with a narration of the happenings to the company since the IPO. Finally, the trend of Visa’s stock price since the IPO is scrutinized. THE COMPANY AND ITS INDUSTRY   Visa Inc. is a company headquartered in San Francisco, California that engages the process of trading electronic payments through a network worldwide. It enables commerce through transferring data information (which has money value) among financial organizations, merchants, shoppers, businesses, and government entities via VisaNet (an exclusive asset of the company) which is a Network Information System (NIS) that is capable of offering fraud safety for consumers and guarantees payment for merchants. Visa’s payments platforms allow: credit,......

Words: 2868 - Pages: 12

Premium Essay

Visa Documentation

...GUIDELINES FOR THE F1 VISA (STUDENT VISA) There are categories for student visa, F-1 and M-1. The F-1 visa permits students to enroll in a full-time course of academic study, leading to a degree such as the Bachelor, Master’s or Doctorate, Degree. The M-1 visa is for non-academic or vocational education for duration less than a year, and it includes courses of study in fields such as gemology, aviation, language studies, etc. All students joining Dilip Oak’s Academy apply for F-1 visa. The I-20 form issued by the university and a valid Indian passport are two essential documents for obtaining an F1 (student) visa. Your passport must be valid for at least six months from the date of travel. Once you receive I-20 forms from all the universities offering you admission you need to decide which university you wish to join. Of course even if you book a date for visa interview for a particular university, you can change that university before you appear for the visa interview, either through VFS or directly at the consulate. It is important to check the accuracy of the information printed on the I-20 form, specially: • date of birth, date of commencement, date of completion, duration of the course • full name, country of origin, name of the university and course In case of mistakes contact the university immediately and request for the corrected I-20 form. You can apply for student visa not earlier than 120 days before the date of commencement of your course as indicated on I-20......

Words: 5706 - Pages: 23

Premium Essay

Visas

...summer season 2013. The 1st of April saw many changes in the Croatian law and one of the most controversial was the introduction of travel visas for Russians. In fact the move to introduce travel visas for Russian citizens was forced on Croatia as part of the European Union regulations. Croatia is set to become a full member of the European Union on the 1st of July this year and therefore the EU visa regime has come into force. This means that all citizens for a host of non-EU countries require visas to visit the country. Tourists from Russia are not the only ones that will now require a visa, guests from the Ukraine and Turkey will now also need to take out the travel visa. Ironically tourists from these three countries have been on the rise in recent years, just last year the number of Russian tourists rose by 8 percent and in total they accounted for 1.6 million overnight stays. Russian citizens are required to apply for a visa with the Croatian Embassy in Moscow or through various tourist agencies that have been accredited by the embassy. The introduction of visas for Russian tourists decreased in the number of tourists as well as a drop in the number of Russian investments. It also played into the hands of Croatia’s neighbors, such as Montenegro, where no such visa regime is in force. Effects on my organization The introduction of visa regime for Russian tourists has brought losses, by the end of August up to 27 percent less visitors for our hotel capacities.......

Words: 762 - Pages: 4

Free Essay

China Visa

...Form V.2013 V.2013 中 华 人 民 共 和 国 签 证 申 请 表 Visa Application Form of the People’s Republic of China People’ (For the Mainland of China only) 申请人必须如实、完整、清楚地填写本表格。请逐项在空白处用中文或英文大写字母打印填写,或在□内打√选择。如有关项目 申请人必须如实、完整、清楚地填写本表格。请逐项在空白处用中文或英文大写字母打印填写,或在□ 完整、清楚地填写本表格。请逐项在空白处用中文或英文大写字母打印填写,或在 选择。如有关项目 不适用,请写“无”。The applicant should fill in this form truthfully ,completely and clearly. Please type the answer in capital English 不适用,请写“ truthful thfully clearly. English letters in the space provided or tick (√) the relevant box to select. If some of the items do not apply, please type N/A or None. 一、个人信息 Part 1: Personal Information 姓 Last name 1.1 英文姓名 Full English name as in passport 中间名 Middle name 名 First name 1. 中文姓名 1.2 Name in Chinese 1.4 性别 Sex 1.4 □ 男 M □ 女 F 1.3 别名或曾用名 1.3 Other name(s) ame( 1.5 出生日期 1.5 DOB(yyyy-mm-dd ) OB( yyyy-mm-dd) 1.7 曾有国籍 Former nationality(ies) ationality(ies) 粘贴一张近期正面免冠、浅色背 景的彩色护照照片。 /Photo 照片/Photo Affix one recent color passport photo (full face, front view, bareheaded and against a plain bareheadedand light colored background). 1.6 现有国籍 1.6 Current nationality(ies) ationality(ies) ( / ) 1.8 出生地点(市、省/州、国) 1.8 Place of birth(city, province /state,country) irth(c ity, province/state,country) /state ,country / 1.9 身份证/公民证号码 1.9 Local ID/ Citizenship number ID/ 1.10 护 照 / 旅 行 证 件 种 类 Passport /Travel document 1.10 Passport/Travel type 1.11 护照号码 1.11 Passport number 1.13 签发地点 1.13 Place of issue □ 商人 Business person Businessperson □ 公司职员......

Words: 1575 - Pages: 7

Free Essay

Visa Mastercard

...USA V. VISA U.S.A. INC., VISA INTERNATIONAL CORP., AND MASTERCARD INTERNATIONAL INCORPORATED In 1998 USA filed a complaint against Visa and MasterCard re their dual governance and exclusionary rules of combinations and conspiracy in restraint of trade. (DOJ, 1998) Essay Plan My motivation for choosing the abovementioned case comes from my interest in the financial services market, its regulations and their implications on consumers. This case is attention-grabbing, not solely due to the remedy, but also due to the implications it has on domestic and international markets. It also gives the opportunity to analyse the controversy of vertical exclusionary restraints (Whinston, 2006). When analysing the Visa-MasterCard case, there are two main ‘economic-schools-of-thought’ to be considered. Chicago School(CS) dismisses vertical exclusionary contracts as an anti-competitive tool. While, Post-Chicago School(PCS) offers an opposing explanation by suggesting different models to rationalise anti-competitive behaviour using vertical restrictions. Both schools build their models under the assumption of first-mover advantage and the monopoly power of an incumbent firm. (Motta, 2004) Using the CS in this case, we could assume that Visa and MasterCard are the combined incumbent on the market, due to their cooperative actions. The banks are the buyers and AmericanExpress is the potential new entrant. It could be assumed that AmericanExpress is a new entrant for the market of......

Words: 751 - Pages: 4

Free Essay

Visa Conditions

...:::::::::/☻/☻/☻/︻╦╤─ ▂▄▅ /▌ /▌ /▌ /▌ ██▅▃▂    I'm Bob and I am I███████████████████] against Google+!  ◥⊙▲⊙▲⊙▲⊙▲⊙▲⊙▲⊙◤ This table describes the mandatory conditions that are attached to all primary Student visas in the following subclasses. | No. | Subclasses | Description | 8105 | AllMandatory only where Student visa granted on or after 26 April 2008Discretionary where Student visa granted before 26 April 2008 | You cannot work more than 40 hours per fortnight* when your course is in session (other than work which has been registered as a part of the course). Note: No work limits apply during recognised periods of vacation offered by your education provider. You cannot undertake work until you have commenced your course in Australia. *A fortnight means any period of 14 days commencing on a Monday and ending at the end of the second following Sunday. If you have a subclass 574 visa, you have no work limits applying once you have commenced your Masters by research or Doctorate course in Australia. | 8202 | All | You must remain enrolled in a registered course (unless you are a Foreign Affairs or Defence sponsored student or secondary exchange student in which case you must maintain full-time enrolment in your course of study or training). Note: A registered course is one that is on the Commonwealth Register of Institutions and Courses for Overseas Students (CRICOS). See: CRICOS You must maintain satisfactory attendance in your course and course......

Words: 1201 - Pages: 5

Premium Essay

The Changing Workforce Is One of the Emerging Trends in Organizational Behavior. Describe How the Workforce Is Changing and Briefly Identify Two Consequences of These Changes for Organizations.

...workforce is changing rapidly for reasons such as the labour force is growing older, workforce are becoming diverse, changers in workers attitudes and labour shortages (Weick and Quinn, 1999). As stated above one of the main causes of the changing workforce is the ageing population. As baby boomers are getting older and starting to retire, it is important that employers understand the needs and motivation of the younger generation (generation Y) who will soon be replacing the older generations (Anderson and Hussey, 2000). Moreover companies feel the need to recruits and retains younger workforce to replace an estimated amount of 75 millions of departing older workforce (Humphrey, Costigan and Pickering, 2003). The generation Y people are known to be disinterested and selfless about the welfare of others. In order to attract and retain them, companies have to be aware of their work values (Twenge and al, 2010). A consequence for the organization of this change is that older generations were fulfilling their job with the potential of a lasting relationship between the employee and the organization than the younger generations. The latter showed little interest in company loyalty and team working (Collier, 2012). In other words younger generations seeks only working for the sake of money, and are not interested in being under pressure at work. Thus organizations need to focus on succession planning in order to be ahead of this graying curve. Another cause of a changing......

Words: 865 - Pages: 4

Free Essay

Norms

...I have undertaken the task of breaking a social norm within the campus grounds. I wanted to see what kind of reactions I could get from a wide variety of people, and since UNL is so diverse with different genders, race, and age, I chose our campus to be my laboratory. I decided that I would try standing in the back of the union by the fountain, and then I would play the guitar and sing out loud as if I were enjoying the nice weather. This would probably seem normal to most people, however, I don’t know how to play the guitar at all and I can’t sing worth anything. I figured the combination of my terrible abilities would make a great formula for gaining attention from other people. I recorded myself doing it so that I could remember what I sang about too. I also thought it would be great to sing about my observations of the people around me. I would sing things such as people looking like animals, or making fun of their clothes, or describing every move they make, or give them a story about their day and how it’s going. One time a tall white guy was walking past me by himself and my first reaction was that he looked like a giraffe, so I went with that. I sang loudly “hey tall guy with the red coat how are you today, when I first saw you, you looked like a giraffe to me, can you tell me giraffe man where I can find some good leaves on a tree, giraffe people are mad all the time that they cant fit through doors, they always hit their head and it gives their head soars, which is......

Words: 367 - Pages: 2

Premium Essay

Visa Norms

...New Visa Norms to act on a positive note for the Canadian government People who are waiting to get their visa for working in Canada have to go through the new eligibility requirements for the year 2014. Especially for the skilled worker segment, the new eligibility rules are important, as it has been modified to suit the requirement of the Canadian government. The experts are stating that, the new changes in the eligibility criteria are for the betterment of the economic conditions of Canada. The rules, which have been changed, will give those skilled workers a chance that is capable to contribute to the enhancement of economic condition. According to the Canadian immigration minister, Jason Kenny, the immigration services will be starting for the year 2014 on May 4 and will disclose the new changes in the immigration rules. (Bells, 2014) Even the Canadian government has clearly stated that, the new changes, which have been implemented in the visa process, will give chance to the young generation who are capable to support the present and future economic conditions. According to the experts, the requirement of young and eligible candidates is because of people retiring from different job sectors. With possible forecast of job expansion, it has become a concern for the Canadian government because of which they are expecting to hire younger candidates more so that they can sustain to suit the requirement of the companies willing to expand their business......

Words: 1716 - Pages: 7

Premium Essay

Social Norms

...#3 SOCIAL NORMS In society today, many people act accordingly to social norms which is generally “implicit or explicit rules a group has for acceptable behaviours” (Aronson, Wilson, Fehr, Akert, 2013). If an individual acts defiantly towards expected behaviours, most of the other people would tend to isolate or reject that individual. In part of my violation of the social norm, I had worn flip-flops with socks the entire Thursday out in public to interpret people’s reactions. This social norm is referred to a descriptive norm, considering that this “behaviour is approved or disapproved of by others” (Aronson et al. 2013). This day was like any other regular Vancouver day, it consisted of rain. It became abundantly clear that the social norm for that day would require an individual to have shoes on. Besides the social context that it is generally uncomfortable walking with your socks drenched in water, some people believe that wearing flip-flops with socks altogether is despicable, and unacceptable social behaviour. As I walk through the school, I began to notice a lot more people looked at me when I walked by, compared to the usual nil before. To my senses, these stares felt nothing like acceptance, but felt more related to exclusion. This was understandable, as groups tend to use “social exclusion as effective ways to enforce normative behaviour” (Whitson, Wang, Kim, Cao, Scrimpshire, 2013). It wasn’t until after school, that I encountered the consequences of......

Words: 629 - Pages: 3

Free Essay

Norms

...Going against the Norms Have you ever seen a six foot four inch man get into the driver side of a small vehicle? Or have you checked out a woman with amazing, toned hour glass body and thought to yourself that you look happier than her, so it does not matter what you look like? These situations and thoughts do not come and go often because that is not how we typically think. According to the new 2016 Super Bowl commercials, the two commercials that caught my attention of going against these society norms was the Mini USA campaign defying label’s, as well as the Axe Menswear deodorant during the commercial breaks. Both of these showed in different perspectives of how we could be happy without worrying about our self-image and not worry about what others think. The Mini USA has been promoting the campaign “defying labels” since the 1950’s. When they first created the Classic Mini Coopers; cooperate owner, Sir Alec- designed the cars by flipping the engine sideways and pushing the wheels outwards to create more room in the cockpit. This creative design gave its own unique spontaneity and defied the basic norms of what a car should look like. Majority of the time, anyone who had seen a mini cooper or is discussed amongst population often label the car as “too feminine”. However, there are celebrities who were used into the commercials. The celebrities were Serena Williams, Abby Wambach, Randy Johnson, Tony Hawk, Harvey Keitel, T-Pain. They all had a testimony to share about...

Words: 834 - Pages: 4

Free Essay

Consequences

...Consequences of an Older Population SOC304 Social Gerontology Instructor Mandee Rowley April 16, 2012 With each passing day the age of the Baby Boomers will affect our lives on many social levels. This growing segment of our society will soon become the largest aspect of the American society carrying with it the majority of our aging population. The other age groups will be smaller, younger and yet will have to endure the cost of Healthcare for the Boomers that will be living longer requiring more resources than any of their predecessors. The Boomers will take with them into their Golden years a large grouping of income producers and leaving the balance of society to manage growing social costs. The political face of Medicaid, Medicare, Disability, and SSI will more than likely have several court battles ahead of them to ensure government cuts will not strip away the program essentials that will be needed by our aging populations. Healthcare Today we await the Supreme Courts Justices to make their ruling as to whether President Obama’s national health care plan (The Patient Protection and Affordable Care Act) is unconstitutional. The issue at hand is a Governmental mandate that everyone must purchase health insurance. The concern is making this a government decree and not something each state has the oversight and implementation process in. The Affordable Care Act became law in March 2010. With its signing by President Obama came expanded coverage for young......

Words: 1747 - Pages: 7

Free Essay

Visa

...country is a policy that would cost nothing: establish a new class of visa for startup founders. The biggest constraint on the number of new startups that get created in the US is not tax policy or employment law or even Sarbanes-Oxley. It's that we won't let the people who want to start them into the country. Letting just 10,000 startup founders into the country each year could have a visible effect on the economy. If we assume 4 people per startup, which is probably an overestimate, that's 2500 new companies. Each year. They wouldn't all grow as big as Google, but out of 2500 some would come close. By definition these 10,000 founders wouldn't be taking jobs from Americans: it could be part of the terms of the visa that they couldn't work for existing companies, only new ones they'd founded. In fact they'd cause there to be more jobs for Americans, because the companies they started would hire more employees as they grew. The tricky part might seem to be how one defined a startup. But that could be solved quite easily: let the market decide. Startup investors work hard to find the best startups. The government could not do better than to piggyback on their expertise, and use investment by recognized startup investors as the test of whether a company was a real startup. How would the government decide who's a startup investor? The same way they decide what counts as a university for student visas. We'll establish our own accreditation procedure. We know who one......

Words: 371 - Pages: 2