There's little surprise that many international students want to get an internship or a job in the states. After all, it's the land of opportunity. Last summer, I interned at Andreessen Horowitz, and now I'm in the hunt for a full time job. The search process? It's like riding a roller-coaster, to say the least. I'm drafting this on Thanksgiving Day, What do you think? During my interactions with employers, I noticed some commonalities and summarized the top 9 myths of hiring international students.
Myth I: Why international students? It's not worth my time, money and effort.
• Extensive work experience • Multi-lingual • Team-management in various environments • Divergent perspective on global issues • Cross cultural understanding of market dynamics • Flexible to relocate • Potential relocation to origin country could provide employer a reliable international liaison.
Highly educated immigrants are twice as likely to hold patents, three times as likely to start their own businesses.Myth II: It is illegal to hire a student without a green card.
Fact: Federal law permits international students to obtain off-campus employment on their F1, J1 Visa. Students are allowed to work in jobs related to their field of study.
76% of patents from the top ten patent-producing universities in 2011 had a foreign born investor. Myth III: International students need work authorization before I can make a job offer.
Fact: Students DO NOT need work authorization before an employer makes an offer. Students DO need such authorization ready before they can BEGIN working.
25% of high tech companies in the U.S. from 1995-2005 had at least one immigrant founder. Myth IV: Hiring process is exhausting and paperwork is time consuming.
Fact: There's NO paperwork needed from the employer to hire a student working on F1/J1 Visa. To hire an international student on an H1B visa, the employer just needs to prove: 1.The job must require a minimum of a bachelor’s degree, 2. The employee is paid equal to or more than the federally determined prevailing wage.
More than 40% of Fortune 500 companies in 2010 included at least one immigrant founder or the child of an immigrant founder. Myth V: Sponsoring H1B Visa is expensive.
Fact: The total cost of a qualified immigration attorney and filing fees for a 3-year H1B visa ranges from $3500-$5000. The visa cost is only a fraction compared to the overall value of finding the best candidate for your role.
So is the case with Apple, Google, AT&T, Verizon, P&G, Pfizer, Kraft, Comcast, Intel, Merck, DuPont, Kohl’s, Colgate-Palmolive, Sun Microsystems, United States Steel, Qualcomm, eBay, Nordstrom, and Yahoo! Myth VI: I must advertise H1B position and prove there is no qualified U.S. worker.
Fact: Employers DO NOT have to document/certify that a foreign citizen working on a F1 or H1B Visa prevented a qualified US citizen from obtaining the position. This is only needed during employer-sponsored applications for permanent residency (green card).
Immigrants with entrepreneurial aspirations start their business an average of 13 years from arriving in the U.S., so you may be hiring a future job creator.Myth VII: I'm displacing a U.S. worker by hiring a international student.
Fact: Hiring foreign nationals with advanced degrees promotes job growth. For every 100 H-1B work visas approved, 183 new jobs are created each year. If you control for just the jobs in the STEM fields, 262 new jobs are created.
More than 50% of PhDs and in some cases, nearly 50% of the master’s degrees in the STEM fields are awarded each year in the U.S. to international students.Myth VIII: There are only a small number of H1B visas available each year and the odds of winning the lottery are small anyway.
Fact: There are 65,000 H1B visas available each year, plus an additional 20,000 for international students that complete their graduate studies in the U.S.
Studies show that Immigrants disproportionately contribute to economic growth, employment, and wage gains.Myth IX: No H1B for small company or start-ups.
Fact: As long as the process is carefully planned out and the documentation is available, the startup should have no issue obtaining an H1B approval. Cost-wise, International students on F1 or J1 visas cannot benefit from social security, therefore they don’t have to pay into it which means neither does the employer. Also, since domestic applicants tend to change jobs more often than foreign applicants, there may be turnover costs as well as more training costs.
Thanks to @Desa Philadelphia and @Tien-Li Loke Walsh for their sharing and inspiration!
As a former Nielsen and A16Z, now studying Entrepreneurship at Marshall Business School, I write about product, marketing, technology, and innovation. Read my previous post:8 Lessons Amazon Could Learn From Alibaba
Originally posted on Linked IN by: Haiqun(Léo) Wang
Contact John Assunto for all of your Education Recruiting needs! Johna@worldbridgepartners.com or 860-387-0503
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