According to the latest update from the USCIS, the H-1B cap for the current fiscal year has been reached. Due to the slow economy and a decrease in hiring of alien workers, it took over 8 months for the quota to be reached. This is a change from the past years where the H-1B quota has been filled within the first few days of the start of the application period on April 1st.
By way of background, H-1B is a valuable tool for employers to hire foreign professional workers. The position must require the minimum of a bachelor's degree. Currently, Congress only allots 65,000
H-1B visas each year. (Some categories of jobs that are cap exempt.)
Thus, an employer seeking to have a professional worker on October 1, 2010, must wait to file the petition on April 1, 2010. If you are an employer seeking to hire an alien worker with a baccalaureate degree, do not wait to the last minute. Seek the assistance of an experienced immigration attorney to file the petition timely.