Here in Colorado, the ski season so far is a bit of a bust as we are in desperate need of snow. However, the H-1B season is in full swing. Under the law, only 85,000 new H-1B’s may be allotted for foreign professional workers each year, and 20,000 of those are reserved for individuals who have completed a master’s degree or higher in the United States. The annual allotment of H-1B’s becomes available October 1, which is the start of the fiscal year. However, employers may apply April 1stfor an H-1B with an October 1st start date. In 2012, the H-1B cap was reached, meaning that all of 85,000 H-1B’s had been allotted, in ten weeks. Due to the improvement in the economy, it is expected that this year the H-1B cap will be reached even sooner, quite possibly the first week in April.
If you intend to hire foreign workers, please join Ste
rn & Curray on February 6th from 12:00-1:00 pm (MST) for a complimentary teleconference that will help employers understand and plan for the H-1B cap. For more information, including how to RSVP, follow this link: http://conta.cc/Uvr9cl.