Understanding the basics of labor efficiency ratio: A guide for businesses
Maximizing efficiency isn’t just a choice in today’s tough business world; it’s a must. The labor efficiency ratio (LER) is one of the most useful tools for companies that want to get the most out of their employees’ work. This piece goes into detail about what LER is, how it’s calculated, the many benefits it provides, real-life examples of its use, and useful ways to improve it.