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Sunday, February 23, 2025

H-1B Insights: Employers classified under Finance and Insurance industry file 12 petitions in West El Dorado News publication area throughout 2024

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Jennifer B. Higgins, Deputy Director, U.S. Citizenship and Immigration Services | https://medium.com/the-u-s-digital-service/meet-the-dhs-digital-service-champions-may-2018-caee7dade2b

Jennifer B. Higgins, Deputy Director, U.S. Citizenship and Immigration Services | https://medium.com/the-u-s-digital-service/meet-the-dhs-digital-service-champions-may-2018-caee7dade2b

Employers classified under the Finance and Insurance industry based within the West El Dorado News publication area, submitted 12 H-1B petitions during 2024, according to data provided by the U.S. Citizenship and Immigration Services via the H-1B Employer Data Hub. All of these petitions were approved.

Employers are classified under industries based on their reported operations and may be involved in multiple industries.

The H-1B visa program allows U.S. employers to temporarily hire foreign workers in specialty occupations requiring specialized knowledge and at least a bachelor’s degree or equivalent. It is designed to address skill gaps in the U.S. workforce while ensuring wage standards to protect both U.S. and H-1B workers. Employers must certify that they will pay H-1B workers wages equal to or greater than those of similarly qualified U.S. employees or the prevailing local wage.

The average approval rate for H-1B petitions across the United States in 2024 stood at 98%, slightly higher than 2023's 97.3%. Locally, employers across all industries located within the West El Dorado News publication area submitted 77 petitions during the same period, achieving an approval rate of 97.4%.

The Information industry led the H-1B filings in the West El Dorado News publication area during 2024, with 37 petitions (48.1% of all submissions), and an approval rate of 94.6%. Meanwhile, the Professional, Scientific, and Technical Services industry was the second largest contributor, filing 17 petitions (22.1% of the total), with an approval rate of 100%.

Among local employers with petitions categorized under the Finance and Insurance sector during 2024, California Physicians Service D B stood out with 10 petitions and an approval rate of 100%, followed by California Physicians Service with two petitions and an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the West El Dorado News publication area saw a 36.8% decrease in the number of H-1B petitions during 2024.

The United States admits around 1 million legal immigrants annually, most of whom receive permanent residence (green cards) through family sponsorship or employment-based visas. In 2023, about 1.2 million immigrants were granted green cards, a return to pre-pandemic levels. Temporary visa programs, such as the H-1B for highly skilled workers and H-2A for seasonal agricultural workers, also play a critical role in filling workforce needs.

Public opinion on immigration varies, with 46% of Americans favoring maintaining current legal immigration levels, according to a 2024 Pew Research Center survey. Additionally, 42% believe that highly skilled workers, such as scientists, doctors, and programmers, should be prioritized for legal immigration, compared to 25% who prioritize workers filling labor shortages and 19% who emphasize family sponsorship. Despite this, family sponsorship remains the most common path to permanent residency, accounting for 63% of green cards issued in 2023.

The data in this article comes from the H-1B Employer Data Hub provided by the U.S. Citizenship and Immigration Services (USCIS). While USCIS strives for accuracy, manual data entry and errors on paper forms submitted by applicants or petitioners may result in discrepancies in employer names, tax IDs, locations, or other details.

H-1B Petitions by Industry in the West El Dorado News Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Information3748.1%94.6%5.4%
2Professional, Scientific, and Technical Services1722.1%100%0%
3Finance and Insurance1215.6%100%0%
4Construction33.9%100%0%
4Educational Services33.9%100%0%
6Manufacturing22.6%100%0%
7Real Estate and Rental and Leasing11.3%100%0%
7Health Care and Social Assistance11.3%100%0%
Employer H-1B Petitions in the West El Dorado News Publication Area During 2024
Company NameIndustriesTotal Petitions% Approved% Denied
R Systems, Inc.Information, Professional, Scientific, and Technical Services3894.7%5.3%
California Physicians Service D BFinance and Insurance10100%0%
Hana E Solutions, Inc.Professional, Scientific, and Technical Services7100%0%
Datamax Software Group, Inc.Professional, Scientific, and Technical Services4100%0%
Nor-Cal Controls Es, Inc.Professional, Scientific, and Technical Services4100%0%
Avantus, LLCConstruction3100%0%
Buckeye Union School DistrictEducational Services3100%0%
California Physicians ServiceFinance and Insurance2100%0%
Blaize, Inc.1100%0%
California Suites, Inc.Real Estate and Rental and Leasing1100%0%
Kulwant Singh Inc., M.D.Health Care and Social Assistance1100%0%
Seemedx, Inc.Manufacturing1100%0%
Shalby Advanced Technologies, Inc.Manufacturing1100%0%
Vinani, Inc.Professional, Scientific, and Technical Services1100%0%

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