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Friday, February 21, 2025

Central Wisconsin News Publication Area: How many H-1B petitions were made by employers classified under the Finance and Insurance industry during 2024?

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Ted H. Kim, Associate Director Refugee, Asylum and International Operations Directorate for USCIS | https://www.naco.org/

Ted H. Kim, Associate Director Refugee, Asylum and International Operations Directorate for USCIS | https://www.naco.org/

Employers classified under the Finance and Insurance industry based within the Central Wisconsin News publication area, submitted six H-1B petitions during 2024, according to data provided by the U.S. Citizenship and Immigration Services via the H-1B Employer Data Hub. All of these petitions were approved.

Employers are classified under industries based on their reported operations and may be involved in multiple industries.

The H-1B visa program allows U.S. employers to temporarily hire foreign workers in specialty occupations requiring specialized knowledge and at least a bachelor’s degree or equivalent. It is designed to address skill gaps in the U.S. workforce while ensuring wage standards to protect both U.S. and H-1B workers. Employers must certify that they will pay H-1B workers wages equal to or greater than those of similarly qualified U.S. employees or the prevailing local wage.

The average approval rate for H-1B petitions across the United States in 2024 stood at 98%, slightly higher than 2023's 97.3%. Locally, employers across all industries located within the Central Wisconsin News publication area submitted 73 petitions during the same period, achieving an approval rate of 100%.

While the Health Care and Social Assistance industry led the H-1B filings with 47 petitions, representing 64.4% of all submissions in the Central Wisconsin News publication area during 2024, the next largest contributor was the Information industry, which accounted for nine petitions and represented 12.3% of the total. Among petitions from employers in the Information industry, all were approved.

Among local employers with petitions categorized under the Finance and Insurance sector during 2024, Sentry Insurance a Mutual Company stood out with four petitions and an approval rate of 100%, followed by Church Mutual Insurance Company Si with two petitions and an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the Central Wisconsin News publication area saw a 200% increase in the number of H-1B petitions during 2024.

The United States admits around 1 million legal immigrants annually, most of whom receive permanent residence (green cards) through family sponsorship or employment-based visas. In 2023, about 1.2 million immigrants were granted green cards, a return to pre-pandemic levels. Temporary visa programs, such as the H-1B for highly skilled workers and H-2A for seasonal agricultural workers, also play a critical role in filling workforce needs.

Public opinion on immigration varies, with 46% of Americans favoring maintaining current legal immigration levels, according to a 2024 Pew Research Center survey. Additionally, 42% believe that highly skilled workers, such as scientists, doctors, and programmers, should be prioritized for legal immigration, compared to 25% who prioritize workers filling labor shortages and 19% who emphasize family sponsorship. Despite this, family sponsorship remains the most common path to permanent residency, accounting for 63% of green cards issued in 2023.

The data in this article comes from the H-1B Employer Data Hub provided by the U.S. Citizenship and Immigration Services (USCIS). While USCIS strives for accuracy, manual data entry and errors on paper forms submitted by applicants or petitioners may result in discrepancies in employer names, tax IDs, locations, or other details.

H-1B Petitions by Industry in the Central Wisconsin News Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Health Care and Social Assistance4764.4%100%0%
2Information912.3%100%0%
3Finance and Insurance68.2%100%0%
3Manufacturing68.2%100%0%
5Educational Services34.1%100%0%
6Wholesale Trade22.7%100%0%
Employer H-1B Petitions in the Central Wisconsin News Publication Area During 2024
Company NameIndustryTotal Petitions% Approved% Denied
Marshfield ClinicHealth Care and Social Assistance44100%0%
Renaissance Learning, Inc.Information9100%0%
Greenheck Fan CorporationManufacturing4100%0%
Sentry Insurance a Mutual CompanyFinance and Insurance4100%0%
University of WI System MadisonEducational Services3100%0%
Church Mutual Insurance Company SiFinance and Insurance2100%0%
Family Health Center of Marshfield, Inc.Health Care and Social Assistance2100%0%
Hsus Ginseng Enterprises, Inc.Wholesale Trade2100%0%
Aspirus Medical Group, Inc.Health Care and Social Assistance1100%0%
Kolbe Kolbe Millwork Company, Inc.Manufacturing1100%0%
Weather Shield Manufacturing, Inc.Manufacturing1100%0%

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