A simple database created a decade ago using TOEIC has become one driver for skyrocketing foreign direct investment in Chile. Such investment quadrupled to around $15 billion in the seven years between 2003 and 2010 and reached over $28 billion in 2012.

In creating this database, the National Register of English Speakers, the Chilean Economic Development Agency (CORFO) was acting on the realization that lack of information on English language proficiency of job candidates was affecting Chile’s growth. Some companies had stated that the sole reason they did not outsource business to Chile was because they were unable to assess the English language skills of Chile’s workforce.

As discussed in my previous post, lack of employee English proficiency at the levels needed for their jobs is a serious problem even in the United States (as well as other "English speaking" nations increasingly relying on non-native speakers).

 But what does this mean for the U.S. employers? How does it impact "cold cash" results? Not well. A few of the different impacts: