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"In compensation for" is a correct and usable phrase in written English
You can use the phrase to indicate that something is being given in exchange for something else. Example: In compensation for his work, he was given a 10% raise.
Exact(60)
In compensation for the increased dietary caloric content, food consumption was reduced in both sexes.
The governor has asked Congress for $9 billion in compensation for lost revenue.
Israel has paid more than $10m£6.25m5m) to the UN in compensation for the damage.
No majestic life lessons presented themselves in compensation for having been given a fright.
In a 1999 settlement, Libya agreed to pay about $33 million in compensation for the flight.
Maccabi said Fulham had paid €500,000 (£370,000) in compensation for Jokanovic.
"We've told the union that we cannot provide any increases in compensation for the escorts".
He said research indicated $1.15 was handed out in compensation for every GST dollar raised.
The hope is that private sector activity will thrive in compensation for the shrinking public sector.
Payouts to directors include a hefty £1.14m in "compensation for loss of office" payments.
The panel recommended ADB pay up to $4m in compensation for loss of income and land.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com