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Immigration newsletter - 19 April 2006

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London predicted to become global leader in commerce

An IBM study is predicting that the city of London will become an even more important global centre for commerce and finance by the year 2015. Talent will be lured away from the US due to its restrictive regulations. US executives will leave the US to escape financial disclosure rules. UK's hedge funds will attract skilled mathematicians and actuaries from Eastern Europe.London will benefit from an influx of hard working and highly skilled immigrants with financial and actuarial skills. The increased competition for jobs in the financial sector will mean a reduction in labour costs.

At the same time there will be a transfer of labour abroad, as back office work will be outsourced to Eastern Europe. The savings from outsourcing will mean increased profitability and greater investment in the UK. London's growing importance as a global financial centre will also mean increased pressure for deregulation in Europe's other financial centres, the IBM report for Business Value and The Economist Intelligence Unit stated.

The whole story can be read in our news section.

Scramble for scarce H-1B visas in the US

Overshadowed in the US debate on illegal immigration reforms, is the Senate's decision on next year's cap on H-1B visas. Many companies are demanding that Senators increase the number of H-1B visas so to off-set the shortages in the labour market, especially in the IT sector. Many companies have had to resort to outsourcing and opening software design centres in countries such as India and Europe to compensate for labour shortages in the US. Martin Singer president at PCTel Inc, says he can't fill jobs at the company because of restrictions on bringing in foreign high-tech workers. The Chicago based maker of equipment and software for wireless communication could easily double the number of visa-holding employees if it could get them, he says. We had no choice but to open a software design centre in India, said Singer.

"The tech industry is abuzz over the scarcity of the H-1B visas. It's just incredibly stupid that a country that used to encourage technically talented people, is now shunning those resources when we have a shortage of these skilled people," said Singer.

Susan Fuller, vice-president at Revere Group, campares the current labour shortages to the hiring scramble of 1990s. Revere Group once balked at shelling out $5,000 to sponsor a visa holder or $10,000 for a green card, but now sees it is a neccesity to import skilled IT specialists from overseas said Fuller.

Latest immigration news

German builders heading to the UK

German builders are heading to the UK to find work as the German construction industry is suffering. more »

Australia's skilled immigration policies working

Australia has boosted its number of skilled workers in its labour force by 78,000 already this year. more »

US green card applicants heading elsewhere overseas

When the US senate failed to agree upon changes to US immigration laws concerning illegal immigrants andborder control, these were not the only issues left pending. more »

Canadian construction industry looking overseas for skilled labour

Canada is experiencing a 32 year low in unemployment. There are now labour shortfalls occuring in certain sectors. more »

Competition for immigrant skilled labour in Australia

Canberra, the national capital of Australia, is experiencing a running shortfall of skilled workers in health care, trades, construction and the sciences, and the problem is expected to worsen before it improves. more »

workpermit.com website design

Come up with a new design for our website and you could win a $500 amazon.com gift voucher!
You have until 17 May 2006 to apply. The winner will be announced on 24 May 2006.

Good Luck!

The Web Development Team

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video productions

Are you planning to emigrate?

Are you good with a video camera?

We are looking for people to record their experiences at any time during the immigration process.

The best footage will be used in one of our new video productions.

Please send your video with an explanation of the contents of the video to:

New Media Department
workpermit.com
Kalku iela 7
Riga
Latvia
LV 1050

Automatic news updates (RSS Feed)
Stay connected to the latest immigration news with our latest feature - automatic news updates. With this technology, summaries of the latest stories will be sent directly to you.

Reminder to employers

US Immigration Apply for H1B visas from April 1, 2006. Don't delay!

Australia skilled immigration

Australia Immigration Are you a skilled worker? Australia wants you! See if you qualify with our points calculator.

Canadian skilled immigration

Canada Immigration See if you qualify for skilled immigration to Canada with our points calculator.

UK workpermits

UK Immigration Already have a job offer in the UK? We can help you get a UK workpermit. Contact our London office's workpermit hotline on
+44 (0) 20 7842 0800.


We look forward to continuing to bring you latest news on visas and work permits Worldwide.

The workpermit.com News Team
http://www.workpermit.com


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