In the US, at least, the word "compensation" is often used as synonymous with "wages" or "payceck," etc. -- it doesn't always have to mean "something to compensate for not getting regular pay," like welfare, unemployment, etc.

So, breezy -- Bobert was correct to use the word in the context in which he did (at least in American English, which I believe is his native tongue). It's interesting to note that it might seem to be incorrect in UK usage.