Meaning ● Dynamic compensation, in the context of SMB growth, automation, and implementation, refers to a flexible pay structure that adjusts based on pre-defined metrics. This is often tied to performance goals, market conditions, or company profitability, moving away from static salaries. For small and medium-sized businesses, dynamic compensation models can incentivize employees, improve alignment with business objectives, and control labor costs, contributing directly to profitability. The key driver is automation that ensures these complex calculations are completed quickly and accurately and its implementation.
