My Account
Newer technology companies such as Netflix and Airbnb pay higher salaries than older technology companies to employees on the H-1B visa.
Average compensation at Netflix is $205,532, while Airbnb pays $168,306, The Times of India reported citing data from Dice.com.
This is higher than the average salaries of H-1B at Google and Apple, which pay $144,285 and $139,457, respectively.
Also read: US Green Card – still a pipe dream for Indians?
Moneycontrol could not independently verify the story.
Even ride-sharing firm Lyft ($167,650) and on-demand food delivery Doordash ($160,444) pay more than the established technology giants, The Times of India reported.
Microsoft pays an average salary of $135,535 to its employees who are on the H-1B visa.
More than 5 lakh Indian citizens are employed in the US through H-1B visa, making the country the largest beneficiary of the permit given to high-skilled workers.
Vijay Govindarajan, Coxe Distinguished Professor at Dartmouth College's Tuck School of Business, said the salaries vary based on the companies' talent acquisition and compensation strategy.
"For instance, Netflix only recruits and retains rock stars and pays them top-of-the-market compensation, more than what anyone else would pay. Netflix’s logic is that the best programmers are 100 times better than average programmers," Govindarajan said, as quoted by The Times of India.
ITR 2019-20: Income tax refund not received yet? Here are ways to check status Watch more 
Ideas For Profit | Bharat Dynamics: Do robust order book, compelling valuations make it a good bet? Watch more 
Post-COVID-19 Job market | Hiring rises across board, digital roles see high demand: Report Watch more 
Explained | Why is Walmart entering the fintech space and what it means for the retail giant Watch more 
