compensation
US /ˌkɑːm.penˈseɪ.ʃən/
UK /ˌkɑːm.penˈseɪ.ʃən/
1.
something, typically money, awarded to someone in recognition of loss, suffering, or injury
:
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She received a large sum as compensation for her injuries.
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The company offered him compensation for the lost luggage.
2.
the money received by an employee from an employer as a salary or wages
:
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The total compensation package includes salary, benefits, and bonuses.
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Employees are seeking better compensation for their work.