H-1B visa denials behind attrition, says Infosys

BENGALURU: InfosysNSE -1.30 % blamed part of the growing employee attrition at the company on its inability get enough H-1B visas and said it had to come up with a “new value proposition” to help retain employees.

Indian IT firms have long sought to hold on to employees by offering the prospect of a US posting. But the US has tightened visa rules to give preference to applicants with master’s degrees, most of whom prefer American tech companies. Besides, Indian IT companies face numerous administrative hurdles in both applying for new visas and extending existing ones.