Source: World Economic Forum, Executive Opinion Survey 2007, 2008

Chile has the best business schools in Latin America and high educational standars in general. The Chilean government places emphasis on English proficiency and maintains a National Register of English Speakers for the benefit of employers. Although the Chilean workforce is recognized as one of the most capable in Latin America, its competitive labour costs are lower than in North America and Europe. Multinational companies relocating operations to Chile can save an average of 60% on gross IT salaries. Absenteeism and staff turnover are also lower, which ensures efficiency in the workplace and allows managers to focus on productivity.