{"id":12691,"date":"2016-02-25T19:37:37","date_gmt":"2016-02-25T19:37:37","guid":{"rendered":"https:\/\/blogbox.indianeagle.com\/?p=12691"},"modified":"2016-02-25T20:20:10","modified_gmt":"2016-02-25T20:20:10","slug":"silicon-valley-companies-demand-h1b-visa-policy-expansion","status":"publish","type":"post","link":"https:\/\/www.indianeagle.com\/travelbeats\/silicon-valley-companies-demand-h1b-visa-policy-expansion\/","title":{"rendered":"Veritas CEO Bill Coleman Calls H1B Visa Expansion a Top Priority for Silicon Valley Companies"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong><a href=\"https:\/\/www.indianeagle.com\/travelbeats\/wp-content\/uploads\/2016\/02\/Veritas-CEO-Bill-Coleman-Calls-H1B-Visa-Expansion-a-Priority.jpg\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" class=\"alignleft wp-image-12707\" title=\"Veritas CEO Bill Coleman Calls H1B Visa Expansion a Top Priority for Silicon Valley Companies\" src=\"https:\/\/www.indianeagle.com\/travelbeats\/wp-content\/uploads\/2016\/02\/Veritas-CEO-Bill-Coleman-Calls-H1B-Visa-Expansion-a-Priority.jpg\" alt=\"silicon valley companies, H1B visa, L1 visa, top IT companies, California, United States, Indian Americans\" width=\"350\" height=\"386\" \/><\/a>A tremendous hike of fees for certain categories of the US H1B and L1 visas in December 2015 has delivered a blow to not only Indian IT firms but also top IT companies in the Silicon Valley, California.<\/strong> It is evident from a media interview which quotes Bill Coleman, CEO of Veritas Technologies:<\/p>\n<blockquote>\n<p style=\"text-align: justify;\">We can&#8217;t hire enough good people. They are just not available here. The salaries here are going through the roof, because everybody is competing to hire from everybody else.<\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\">He is not the sole voice to call for \u201cdramatic expansion\u201d of the H1B visa policy. Most of the Silicon Valley companies in California demand a \u201cdramatic expansion\u201d of the H-1B visa scheme to facilitate hiring of qualified professionals from India, China and other countries. <strong>\u201cSilicon Valley companies are grappling with a small number of professionals due to a lid on hiring foreign nationals following a high cap on H1B and L1 visas,\u201d said Bill Coleman in his interview with PTI.<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Bill Coleman, who has been associated with some of the top IT companies in the US for 40 years, recently joined Veritas Technologies as its CEO.<\/strong> He co-founded BEA Systems and headed Sun Microsystems\u2019 software development units. He has designated the post of director at Symantec Corporation since 2003. Veritas Technologies has its major Indian base in Pune City with 1700 employee strength. Coleman said in the interview that some of the facilities might be shifted to India from USA.<\/p>\n<p style=\"text-align: justify;\">An additional fee of up to $4,000 for certain categories of H1B visa in a bid to revive the US economy and reduce the native employment rate has resulted in a worrying shortage of quality professionals for the Silicon Valley companies. <strong>Even Google, Apple, Facebook and Microsoft among the top IT companies in <span style=\"color: #ff6600;\"><a style=\"color: #ff6600;\" href=\"https:\/\/www.indianeagle.com\/travelbeats\/tag\/united-states\/\" target=\"_blank\">USA<\/a><\/span> are facing the shortage of right professionals, thereby increasing salaries beyond measure to hire from other IT firms.<\/strong><\/p>\n<p style=\"text-align: justify;\">Bill Coleman cited an instance of how grim the hiring scenario is in\u00a0the\u00a0Silicon Valley from his conversation with Eric Schmidt, Chairman of Alphabet (the parent company of Google) that <strong>Alphabet managed to hire a data scientist for a managerial position but ended up paying a $10 million sign-on bonus. He referred to it as a \u2018crazy\u2019 incident.<\/strong><\/p>\n<p style=\"text-align: justify;\">Coleman opined that the number of H1B visas to be issued should be in sync with the pressing need to hire quality professionals from outside of the United States. <strong>He added that expansion of the H-1B visa scheme should be a priority for the <span style=\"color: #ff6600;\"><a style=\"color: #ff6600;\" href=\"https:\/\/www.indianeagle.com\/travelbeats\/stories-of-indian-american-entrepreneurs-in-silicon-valley\/\" target=\"_blank\">Silicon Valley<\/a><\/span> companies.<\/strong> However, he admitted at the same time that nothing much could happen about it until and right after the presidential election in the US.<\/p>\n<p style=\"text-align: justify;\">In his interview, <strong>he referred to India as one of the fastest-growing economies in the world and said that India is where long-term opportunities are available for the Silicon Valley companies.<\/strong> He credited it to Prime Minister Narendra Modi\u2019s government in India saying \u201cIt is not that difficult to do business in India\u201d because the scenario is improving in the BJP regime.<\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"font-size: 15px;\">In support and praise of <span style=\"color: #ff6600;\"><a style=\"color: #ff6600;\" href=\"https:\/\/www.indianeagle.com\/travelbeats\/tag\/indian-americans\/\" target=\"_blank\">Indian Americans<\/a><\/span>, Bill Coleman said that they hold senior positions at two-thirds of the Silicon Valley companies in <span style=\"color: #ff6600;\"><a style=\"color: #ff6600;\" href=\"https:\/\/www.indianeagle.com\/cheap-flights-from-san-francisco-sfo-to-india-in\" target=\"_blank\">California<\/a><\/span> and that they can become leaders of top IT companies in their lifetime.<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A tremendous hike of fees for certain categories of the US H1B and L1 visas in December 2015 has delivered a blow to not only Indian IT firms but also top IT companies in the Silicon Valley, California. It is evident from a media interview which quotes Bill Coleman, CEO of Veritas Technologies: We can&#8217;t [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[284,276,180,273,242],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>H1B Visa Expansion is Priority for Silicon Valley Companies in California<\/title>\n<meta name=\"description\" content=\"Veritas CEO Bill Coleman says that H1B Visa Policy expansion is a priority for Silicon Valley companies. 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