CERTIFIED - WITHDRAWN H-1B FY 2023

Internal Audit Manager

Credo Semiconductor, Inc. · San Jose, California

Case #I-200-22364-665984

Credo Semiconductor, Inc. filed an H-1B petition for a Internal Audit Manager position in San Jose, California at $120k per year — 7% above the prevailing wage of $113k. The case was certified in 27 days during the FY FY2023 cycle. This position is for continued employment.

$120k
Annual Salary
$113k
Prevailing Wage
+6.5%
Wage Premium
1
Positions

Filing Details

Case NumberI-200-22364-665984
Case StatusCertified - Withdrawn
Visa ClassH-1B
Fiscal YearFY 2023
EmployerCredo Semiconductor, Inc.
Employer LocationSan Jose, California
Job TitleInternal Audit Manager
SOC Code13-201100 – Accountants and Auditors
WorksiteSan Jose, California
Annual Wage$120k
Prevailing Wage$113k
Wage Premium+6.5%
Positions1 (0 new, 0 continued)

Timeline

Dec 29, 2022
Received
Jan 25, 2023
Decision
Jan 6, 2023
Employment Start
Jan 5, 2026
Employment End

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About This H-1B Filing

This Labor Condition Application (LCA) was filed by Credo Semiconductor, Inc. for the position of Internal Audit Manager in San Jose, California. The offered annual salary is $120k, compared to the prevailing wage of $113k for this occupation and location. This represents a wage premium of +6.5% above the prevailing wage.

The LCA is the first step in the H-1B visa process. Employers must file an LCA with the Department of Labor certifying that they will pay the foreign worker at least the prevailing wage for the occupation in the area of intended employment. A certified LCA is required before the employer can file an H-1B petition with USCIS.

Case status: Certified - Withdrawn. This means the employer or their representative withdrew the application.

Understanding This LCA Filing

A Labor Condition Application (LCA) is a mandatory document that U.S. employers must file with the U.S. Department of Labor (DOL) before they can petition for a foreign worker under the H-1B, H-1B1, or E-3 visa categories. The LCA process was established under the Immigration and Nationality Act (INA) to protect both foreign and domestic workers by ensuring fair wages and working conditions.

Why Employers File LCAs

When a U.S. company identifies a foreign national to fill a specialty occupation position, they must first obtain DOL certification through the LCA process before filing the H-1B petition (Form I-129) with U.S. Citizenship and Immigration Services (USCIS). In this case, Credo Semiconductor, Inc. filed LCA case number I-200-22364-665984 to sponsor a Internal Audit Manager position at their worksite in San Jose, California. By filing this LCA, the employer attests to four key conditions: (1) paying the higher of the actual wage or prevailing wage, (2) providing working conditions that will not adversely affect other similarly employed workers, (3) no strike or lockout at the worksite, and (4) providing notice of the filing to the bargaining representative or posting notice at the worksite.

What Wage Levels Mean

The DOL establishes four wage levels for each occupation and geographic area, representing the progression from entry-level to fully competent workers:

For this filing, the offered wage of $120k compares to the DOL prevailing wage of $113k for Accountants and Auditors positions in the San Jose, California area. The positive wage premium of +6.5% indicates the employer is offering above the DOL-determined average for this occupation and location.

What is Prevailing Wage?

The prevailing wage is the average wage paid to similarly employed workers in a specific occupation in the area of intended employment. The DOL determines prevailing wages using data from the Occupational Employment and Wage Statistics (OEWS) survey conducted by the Bureau of Labor Statistics (BLS). Employers must pay H-1B workers the higher of the prevailing wage or the actual wage paid to other employees in similar positions at the company. This requirement is designed to prevent employers from using H-1B workers to undercut domestic wages.

How to Interpret This Data

What Certified - Withdrawn Means for This Application

A "Certified-Withdrawn" status means this LCA was initially certified by the DOL but was later withdrawn by the employer. This can happen for various reasons: the foreign worker may have declined the position, found employment elsewhere, the employer may have decided to refile with updated information, or business conditions may have changed. A withdrawal does not negatively affect the employer's ability to file future LCAs.

Processing Time

This LCA was received by the DOL on Dec 29, 2022 and a decision was rendered on Jan 25, 2023, a processing time of approximately 27 business days. The standard DOL processing time for LCA applications is 7 to 10 business days. This application took longer than the standard timeframe, which may indicate additional review was required.

Comparing to Industry Standards

The offered salary of $120k for this Internal Audit Manager position provides a data point for evaluating compensation trends in H-1B visa sponsorship. When reviewing H-1B salary data, consider that wages vary significantly based on geographic location, employer size, industry sector, and the worker's experience level. This position falls under SOC code 13-201100 (Accountants and Auditors), which standardizes how the Bureau of Labor Statistics classifies occupations across industries. Metropolitan areas like New York, San Francisco, and Seattle typically command higher salaries due to higher costs of living, while positions in smaller markets may offer lower nominal wages but comparable purchasing power.

Frequently Asked Questions

What is the salary for this Internal Audit Manager position?

The offered annual salary for this Internal Audit Manager position at Credo Semiconductor, Inc. is $120k. The Department of Labor prevailing wage for this occupation and location is $113k. The offered wage represents a +6.5% premium over the prevailing wage.

Where is this Internal Audit Manager job located?

This H-1B filing is for a position located in San Jose, California. The employing company, Credo Semiconductor, Inc., is headquartered in San Jose, California.

What visa type is this filing for?

This Labor Condition Application is filed under the H-1B visa classification. The H-1B visa is designed for specialty occupation workers who possess at least a bachelor's degree or equivalent in a specific field related to the job.

Who is the employer for this H-1B filing?

The employer for this filing is Credo Semiconductor, Inc., located in San Jose, California. Credo Semiconductor, Inc. filed this Labor Condition Application (case number I-200-22364-665984) for a Internal Audit Manager position during fiscal year FY 2023. View all Credo Semiconductor, Inc. H-1B filings.

What does LCA “Certified - Withdrawn” mean?

Certified-Withdrawn means this LCA was initially certified by the DOL but was subsequently withdrawn by the employer or their authorized representative.

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