H1Bs allocated via a typical auction, would not do much good. Except mean that companies with the most money, could buy them and then under pay their employees.

H1Bs allocated via a typical auction, would not do much good. Except mean that companies with the most money, could buy them and then under pay their employees. The best approach I've heard is the stack rank based on "minimum yearly income"[1], the top X number of potential employees are awarded H1Bs. At the end of the year, the immigration office checks with the IRS. If the employee was fired/quit or was not paid more than the "minimum yearly income" the sponsoring company is forced to pay the difference in fines. i.e. At the end of the year, that H1B has to have cost the company at least the disclosed "minimum yearly income". [1] "minimum yearly income" is some value less than: base salary + cash bonus + stock awards