It’s
finally out!! Donald Trump is officially set to become the 45th US
President of the world’s oldest democracy . Well, 58th US quadrennial elections seemed worst nightmare for majority of the IT
industries – esp. in India. The information technology (IT) sector is in focus with President-elect Donald Trump at the helm in the US and the fear that the US immigration policies are going to get a lot stricter. His stand on trade policies had been ‘hawkish’ to
some extent which has set precedence on immigration models across the industry eventually
affecting Talent Management & Mobility especially in IT Sector.
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| Source: Google images |
Immigration has been the key issue during elections in the US. The coveted H-1B visa program is expected to become more protectionist as President-elect Trump promised during his election campaigns. This will affect Indian IT companies as they will be able to send only a lower number of professionals to the US to assist their clients in the country.
Post
elections, it has been witnessed that few IT majors are looking to step up
hiring in the US – especially fresh graduates from the campuses of top American
educational institutions, even though despite of the significant talent gap
still existing in the States. Well, the
impact of US Elections on Business Immigration seems quite unclear as of now. However, Immigration is expected
to be a key issue in the upcoming fiscal year in Donald Trump's administration.
He has shown some support for skilled immigration, however he has also called
for more investigation for foreign nationals entering the United States. It is
anticipated that curbs on foreign worker admissions and there would be close
monitoring & obligations on employers of foreign workers.
Though the
Mr. Trump has not made any specific proposals, but has indicated that he would
seek reform on the renowned H1B CAP, may renegotiate key trade agreements –
many of which contains the provisions to streamline immigration between the
member countries. Thus, it
becomes very important for the organizations to plan talent management & mobility
diligently and decisively.
Though, India as a nation is not completely
dependent upon US for economical / commercial benefits – however, immediate
reforms may prove to be unexpected hiccup and disrupt business models for a while.
Instability &n uncertainty is a part of a business – but we should also remember
that "In every period of upheaval, there are opportunities for progress!".
PS: Views expressed are personal
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About me: Prateek Aloni
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