2 ms·
Why does Infosys and others employ so many in the U.S.? That $70k they pay per developer could probably cover several in India!
by notfried 10y ago
Why does Infosys and others employ so many in the U.S.? That $70k they pay per developer could probably cover several in India!
- giis 10y agoIt works like this: -- H1B minimum wage is $60,000 ( precisely $56,000 ). When my friends came over, they were getting $3000 a month wherein you were charging clients like Bank of America over $6000 a month. Mind, this is just the profit Infosys makes out of one H1B employee. -- Indian IT companies made lot of profit with each employee. They will get X amount from US-client but pay only X/2 to employee in US (to outsourced employees its typically X/10). Thus now it affects the companies profit margins!
- tristanj 10y agoIt might help a bit to explain their business model. Infosys (and similar companies) flood the H1-B lottery system with tens of thousands of applications. They bring those who win to the U.S. where Infosys contracts them to U.S. companies in development, onsite techsupport/IT, and various lower cost roles. U.S. companies pay Infosys a premium to contract these employees. Infosys is in the market of selling people. They are gaming the system, and making it harder for high paid talent at Google/FB/Apple to get H1-Bs.