Somebody has to say this: If you are on H-1B, build a Plan B now
I know this may not be a popular post, but it is better to say these things honestly than type which you hope is true and is not factual
So, DHS is eliminating the 60-day grace period after a job loss, yeah it will become a rule then that will happen , but knowing how things have been so far, hard fact this will be implemented, or reimplemented thats key, the proposal has completed White House review, it will complete the next steps too you may like it or not.
First things first,
If you are not completely confident about your job, start attending interviews right now, don’t put it off for a vacation you may be planning, update your CV , scout LinkedIn, Dice , indeed like there is no tomorrow and get a job offer that has some long term contract
You can’t wait until after a layoff to begin thinking about your next move, because this will become a law in a month or two.
Second and more unpopular opinion:
If you have not already made a major financial commitment, don’t do it, you now need to park your savings and wait for next announcements or till dust settles down, push the urge to invest in a house, car, or anything where you cannot take your money out easily., including signing an expensive long-term lease, co-signing debt or locking your savings into something you cannot quickly withdraw.
Keep an emergency fund and make sure your money is accessible, and vacay only if you are sure, That's because, let's assume you lose your job and you have to leave right now, getting another job obviously is not possible immediately. Going back to India, you need probably some more time to find another job.
You need all the savings you can. You need to move your kids, look into schools in back in India. You have to plan your other things. I mean, needless to say so many things.
I'm not trying to be an alarmist, but as I said earlier, it's better to be very blunt than not say these things. Because I've seen this happening with some of my friends who took for granted and they had to leave everything and go,and it's been tough for them, if all goes well you can either comeback or move to a different country. Keep. Remain financially strong and be in a position to get out on a short notice.
Prepare your family mentally, because if you're well prepared, it's better than underprepared and everybody in a shock. I know it's not easy.an it’s easier said than done, but then you know your family better, you know your job situation better, so mentally prep yourself
If you already own a house, don’t panic. This post is not criticizing anyone’s past decisions., you still have options, such as renting, selling or managing the property from outside the country if that situation ever arises.q
Parents also need to think about something people rarely discuss: their children’s education.
Keep passports, transcripts, vaccination records and school documents ready., also understand admission dates and transfer requirements in India or any other country you may need to move to.
There is no need to frighten your children or disrupt their education now. But as a parent, you should know exactly what you would do if you suddenly had to relocate.
I can say I genuinely hope this proposal never becomes a final rule, but we all know eventually it will in a month or two
Being prepared does not mean being negative. It meansYou are being smart and your family from having to make several life-changing decisions in a matter of days.