As the summer winds down, the US job market remains red hot. U.S. employers had 11.2 million job openings in the month of July alone. Meanwhile, there were only a reported 6 million unemployed workers throughout the month, highlighting a massive worker shortage.
A vast amount of employers have been experiencing the consequences of this disconnect in their hiring efforts. Many believed the Covid-19 induced labor shock would eventually smooth over as life returned to normal. Yet, we are nearly two years removed from the initial variant, and nearly all businesses are back, but still struggling to operate at full capacity.
Employers are feverishly trying to incentivize workers to fill their open positions by increasing wages, improving benefits, and lowering job requirements.
However, the ratio of job openings to available workers has made it impossible for all employers to fill their roles. And those that are filling roles, have to deal with the challenge of retaining workers who have more leverage to bounce to other jobs that may be offering better wages or benefits.
Covid sparked many new trends in life and the job market specifically is seeing far more turnover than ever before. 2020 saw the largest turnover rate in decades year over year, and the trend is remaining fairly consistent providing employers with another type of challenge. You can no longer just be concerned with hiring top talent, but you must find a way to keep them happy in order to retain them.
Other business owners are taking a different and more effective approach. They are applying for sets of visas that allow them to hire foreign EB-3 visa workers for jobs pertaining to landscaping, construction, hospitality, and restaurants.
EB-3 visa workers provide a short and long-term solution to hiring challenges and allow businesses to capture the insatiable post-covid consumer demand the economy is seeing.
If you are interested in learning more about EB3 visa workers and how they can fill your open positions, please fill out our contact form today. We have decades of experience matching great EB3 Visa candidates with employers in all fifty states.
EB3 Visa Overview
The EB-3 visa is a US employment-based visa that allows foreign nationals to live and work permanently in the United States. The visa is available to workers who have been offered a full-time, permanent position in the United States. There are three major steps in the EB3 hiring process:
PERM Labor Filing
The PERM is the first step in the EB-3 worker visa process. The PERM is filed by the employer on behalf of the foreign worker and requires the employer to test the US labor market to ensure that there are no qualified US workers available to fill the position being offered to the foreign worker.
I-140 Immigration Petition
The I-140 is an immigration petition that is filed by the employer on behalf of the foreign worker with USCIS. The I-140 petition must be approved before the foreign worker can apply for their green card.
Green Card Application (Adjustment of Status)
The final step in obtaining an EB-3 visa is applying for a green card. The green card allows the foreign worker to live and work
In total, the entire process takes between 12-18 months and costs the employer approx. $1,000.
This process is extremely nuanced and complicated, so it is best to let trusted professionals execute the flow for you. Our team has over 20 years of experience handling this tricky process and delivering in the shortest time possible. Reach out today to start solving your hiring challenges.
Why Hire EB3 Visa Workers over Domestic Workers?
The EB-3 worker visa process is an attractive option for employers who are having difficulty finding qualified US workers to fill their open positions. The main reasons to hire EB-3 visa workers over domestic workers are:
-There is a guarantee that the foreign worker will have the necessary skills and qualifications to do the job.
-The employer does not have to go through the hassle and expense of advertising the position, interviewing candidates, and training new employees.
-The foreign worker is able to start working immediately after their green card is approved.
-The employer can be certain that the foreign worker will not leave their job after a few months because they are committed to staying in the United States permanently.
-Generally, EB3 workers are retained by their employer twice as long as domestic workers due to the incentive to keep their US residency
The EB-3 Visa / Green Card Category Has Three Subcategories:
Workers who have a bachelor’s degree or foreign equivalent and are coming to work in a profession that requires at least a bachelor’s degree.
Workers who have at least two years of experience or training in a particular field and are coming to work in an occupation that requires at least two years of experience or training.
Workers who are coming to perform unskilled labor that requires less than two years of training or experience and are not capable of performing skilled labor.
States Hit Particularly Hard by The Labor Shortage
Employers across the entire country are experiencing the consequences of the small labor pool. However, states with extremely low unemployment rates are facing an even greater challenge. States such as Nebraska, Florida, Iowa, New Hampshire, Minnesota, Nevada, and others all have a significant amount of job openings.
Employers in these states specifically are stretching themselves thin by upping their wages, improving their benefits packages, and more in an attempt to fill their open roles. Yet, due to the worker shortage, these workers have the leverage to leave quickly for even higher-paying positions causing an even greater financial strain on the employer.
Roles and industries being impacted the most by these hiring challenges include restaurants, construction, landscaping, hospitality, and others.
If you are an employer in one of these states facing hiring challenges, consider a far more cost-effective approach: hiring EB3 visa workers. Fill out our form to launch your EB3 visa worker search and start filling your open roles.