Labour to Revenue Ratio by Industry, or LRRBI, is an important measure of a business’s efficiency. It’s calculated by dividing total operating expenses (including labour costs) by total revenue. By doing so, it provides a comparison between different industries and helps you determine if your business could benefit from improved efficiency. This metric is particularly useful for comparing the performance of businesses against industry benchmarks – making it easier to identify areas where you can make improvements. Plus, a better LRRBI can lead to higher profits and enable your business to remain competitive. So if you’re serious about improving your bottom line, take the time to examine your Labour to Revenue Ratio by Industry today!