Salary

The H-1B is a visa in the United States under the Immigration and Nationality Act, section 101 that allows US employers to temporarily employ foreign workers in specialty occupations. Applications: Number of applications filed for foreign high tech workers on H-1B visas dropped the most in a decade due to slowdown in visa processing and tightened immigration policies due to the pandemic. Applications for STEM jobs fell by 19% compared to pre-Covid levels in 2019. Issued Visas: Approval rates for H-1B visas increased (97-98%), compared to about 84% in 2018 and 2019 during the previous Trump administration. (Note the application approval process is different to the H-1B lottery process). Battery Relevant Roles: Number of H-1B hires for battery relevant roles saw the greatest increase in 2019, but did not increase significantly between 2020 and 2021. Approximately 50% of hires are in junior-level positions.

Source: H1B Salary Data, US Inflation Rates, Bloomberg, Economic Times

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