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Chile has several of the best business schools in Latin America and, in general, it has achieved very high educational standards. For example, the Catholic University of Chile (UC) ranked second in the ranking on “The best Latin American Business Schools - 2009,” created by the magazine América Economía. The country also has a modern higher education system and since 1990 the number of young people at university has risen from 10 per cent to 40 per cent.
Some of the countries universities are among the 350 best of the world, according to the Times Higher Education - 2008 QS World University Rankings.
The Chilean government puts emphasis on English learning and it has created a National Registry of English speakers that can be used by potential employers. Although the Chilean workforce is recognized as one of the most capable of Latin America, its competitive labor costs are lower than in North America and Europe.
Companies that relocate their operations to Chile can reach cost savings of up to 60% on the gross salaries in Information Technology. The absenteeism and rotation of personnel is low, which guarantees efficiency and allows management to centre its attention on productivity.
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