{"id":1419,"date":"2008-08-25t00:19:29","date_gmt":"2008-08-25t05:19:29","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=1419"},"modified":"2024-10-01t09:18:43","modified_gmt":"2024-10-01t13:18:43","slug":"filling-finance-with","status":"publish","type":"post","link":"\/\/www.g005e.com\/2008\/08\/25\/filling-finance-with\/","title":{"rendered":"filling finance with foreign nationals"},"content":{"rendered":"

while many finance chiefs complain about the shortage of talent, some are filling the gap by hiring foreign nationals.<\/strong><\/p>\n

cfo magazine reports alliant credit union has hired four in four years and pitney bowes has 16 foreign nationals on the company’s 515-member corporate finance team. they hail from\u00c2\u00a0 china, india, bulgaria, france, and venezuela. most have master’s degrees in finance-related fields, and all carry h-1b visas<\/p>\n

the strategy does more than just fill open slots — it adds diversity, experience and foreign language skills to the department.<\/p>\n

despite the growing number of foreign nationals skilled in finance, hiring them can be both a challenge and a risk, thanks to the limited number of h-1b visas available. the united states awards 65,000 visas annually in the general category, through a computer-generated random-selection process. another 20,000 visas are reserved for foreign nationals who have advanced degrees from u.s. universities. demand for the visas is high: over the past two years corporate applicants have outnumbered visas roughly 2 to 1. the annual selection process is conducted in the spring, and quotas are typically filled within a few days.<\/p>\n

more at cfo.com…<\/a><\/em><\/p>\n