Kovasys Inc.

February 02, 2010 11:58 ET

Kovasys reports large numbers of H-1B holders migrating to Canada

Kovasys has recently been witnessing a large influx of foreign IT specialists working in US on H-1B visa relocating and settling in Canada.

Attention: Business/Financial Editor, News Editor, Tech/Telecomm Editor, World News Editor, Government/Political Affairs Editor CANADA, H-1B--(Marketwire - Feb. 2, 2010) - The recession experienced by the American economy in recent years is one factor in the reversal of fortunes two countries' IT communities; whereas in the past, the Canadian dollar generally ran weaker to the American dollar, the exchange rate now is roughly even or even better on the Canadian side. Many foreign workers say the ability to keep more of the money they earn, along with the high standard of living and free health care Canada offers, is motivating them to move further north. This technological "brain drain" is a sharp contrast to the year 2000, when less restrictive visa requirements and a 50-cent advantage on the U.S./Canadian exchange rate spurred many IT professionals living in Canada to move to the U.S. for work.

One H-1B worker said visa restrictions in the United States directly impacted his decision to leave his Connecticut employer for a position in Canada with Morgan Stanley.

"I wanted to be in control of my career in terms of which employer I work for and how long I work for that employer instead of being tied down to one place," said Amit, a foreign national and IT professional. "With American visa restrictions, you cannot change or find jobs easily and it adds an additional layer of disadvantage in an already difficult job market."

H-1B visa holders like Amit was able to make their job search in Canada easier through the use of a resource such as Kovasys Inc. (http://www.kovasys.com), a Canada-based head hunting and recruitment agency, which helped him find a job in Canada. Such recruitment companies should be helpful in combating the disadvantage of finding an actual placement, which seems to currently be the downside for H-1B workers looking for employment in Canada. IN: ECONOMY, INTERNATIONAL, LABOUR, TECHNOLOGY, TELECOMM

Contact Information

  • Alex Kovalenko, Director of operations, Kovasys Inc.
    Primary Phone: 888-568-2747