Understanding Job Packages
While working with many consulting companies(both desis and non-desi) over the years, I have realised some of basic commonalities across the board. I would prefer to share some of them with you all there.
Green Card Incentive: You will rarely find a desi consulting company which will say that they don't process Green Card even though only owner of the company is the only person having Green Card. "We will sponsor your GREEN CARD just after your visa is transferred to our company( or employee legalization procedure is completed) and we have team of expert attorneies who handle these kind of cases very professionally." is very common answer across the board when some new prospective employee asks about prospects of his/her Green Card with the company. Even though company has just filed 2 Green Cards since its inception [one of them has just cleared Laborand second one is near EAD phase] the company representive will not fail to boast the company's Green Card success rate to 100%.Another notable thing to remember here is even though company happens to file your green card they will take all Green Card fees from the employee(An illigal business!). I think Green Card is one point most of the desi consultants leave their offshore companies and join a consulting company who is willing to file their Green Card and because of this they are also highly vulnerable to desi employers' exploitation. When it comes to filing a Green Card, I believe in "Nothing is better than nonsense". Its better to file Green Card with trusted employers rather than filing with some unethical companies whose main business is exploiting those who earn them bread and butter.
Misquoting the Company Size: Many of the so called desi-consulting companies exaggerate the size of their company be it the number of employees or company's annual revenue or branches or subsidiaries they own. If company is just a startup company with 5 to 10 employees they will not hesitate to tell you that they have over 30 employee working for them. Though it doesn't hurt anyone how big your employer is but it does matters how employers running it are! These are small things but can be taken as tip of iceberg in estimating the ethical bar of your employer.
Health Insurance: Health insurance in US is a major point that should be discussed with the employers with great length as who is going go share what percentage of it. There is risk of being fooled by shrewd and cunning employers whose main objective is to just recruit our desi-H1B/GC holders by any means! It is highly advisable , particularly newbie desi consultants, to get written commitments from employers about every aspects of your salary deductions, including but not limited to health insurance.
Salary: Salary!! Should I go on salary basis or should I go on Hourly basis. I am new in this culture how can I take proper decision? Which is best solution for me? Is there any check points to decide on these things blah blah blah blah. So many questions pop into the already spinning head. I know one simple formula to decide on Salaried vs Hourly employment with consulting companies(any consulting company). First I would like to mention what are the hourly basis and what is salary basis for those who might be getting confused with these terms in some how. When you are on salaried basis of employment, generally you get Company paid annual vacations, Paid Holidays and 0-100% of health insurance depending on your negotiations with the company. These are the general things which a hourly based employee doesn't get in lew of higher hourly rate.
Equivalant Hourly Rate = (Annual Salary/20-80)+(5 to 7 dollers based on type of benefits company provides) Where 2080 being the total annual working hours.
Example: Suppose one employee is being offered 90000 of annual salary with standard company benefits. This also means his/her paycheck will show hourly rate of (90000/2080)=$43.26/hr. Using above formula of finding equivalent Hourly rate of Hourly Based employment(with no or minimal company benefits), one can add $6(average) to ones salaried hourly rate, $43.26 in this case. Simply put, [$43.26+6=]$49.26 of hourly rate with Hourly based employment is equivalant to $90,000/annum salary[$43.26/hr] with company benefits. Other way around, assuming one weeks of company paid vacation and 7 working days of company paid holidays, hourly rate of $49.26/hr on Hourly base employment is equivalent to 49.26 * ( 2080- (5+7)*8)=$97731.84/annum of Salary based employment without health insurance and any additional benefits. These figures can vary depending upon the different kinds of benefit factors that company may provide.