compensation

/,kɔmpen'seiʃn/
Noun
  1. the act of compensating for service or loss or injury
  2. (psychiatry) a defense mechanism that conceals your undesirable shortcomings by exaggerating desirable behaviors
  3. something (such as money) given or received as payment or reparation (as for a service or loss or injury)

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compensation
The company offers fair compensation for overtime work.