Privacy.com; Finix; Global Data Consortium; Bambee; Yuqing Liu/Business Insiderand start reading now.
The higher-salaries rule could make it more difficult for startups to hire foreign talent as well as to lure them from large tech companies, said Sophie Alcorn, a founding partner at Alcorn Immigration Law who focuses on tech startup immigration. The new wage rule, which went into effect on Thursday via the Department of Labor, requires companies to pay entry-level H1-B workers in the 45th percentile of their profession's salary, a significant hike from the previous requirement of the 17th percentile. And starting wages for the highest-skilled workers would rise to the 95th percentile, up from the 67th percentile.
Satala expects to see lawsuits challenging the rules in the coming months while companies test to see how permanent they will be.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An inside look at the app that's like Duolingo for disaster prep - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Levi's opening NextGen stores with 'Tailor Shops.' Take a look inside. - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Still gotta go inside....
Source: BusinessInsider - 🏆 729. / 51 Read more »
How adtech vet Paul Palmieri is pitching his new e-commerce startup - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Cofounder of vegan snacks startup Proper gives 5 lessons for success - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »