RAISE Act may result in cost rise for IT firms | In the News
As the US President Donald Trump has backed the Reforming American Immigration for Strong Employment Act (RAISE) Act, a reform for green card application; IT services firms likely to see the rise in a cost as they may be pushed to hire high-skilled professionals locally.
If implemented, RAISE Act can also potentially increase the cost of employing an Indian software engineer in the US for both Indian and their global counterparts such as Accenture, IBM and others.
The RAISE Act is making a strong case for highly-skilled workers to be eligible to become US citizens and filter the low-end workers.
Peter Bendor-Samuel, chief executive officer of Everest Group, a global technology researcher, however, believes it is too early to be cautious and this Act has a “low probability” of getting passed anytime soon.
