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The phrase "a form of compensation" is correct and usable in written English.
It can be used when discussing different types of payment or benefits provided in exchange for work or services rendered.
Example: "The company offers a form of compensation that includes both salary and additional benefits such as health insurance."
Alternatives: "a type of remuneration" or "a kind of payment".
Exact(60)
Some landless peasants who are compensated with storefronts as a form of compensation will become small business owners.
It is a form of compensation to the failed bidder for its lost acquisition.
His aggressive defensive play calls in recent years have been a form of compensation.
An asset's risk premium is a form of compensation for investors who tolerate the extra risk, compared with that of a risk-free asset, in a given investment.
There is nothing inherently wrong about rewarding employees with options -- a form of compensation that is dependent on a company's future success.
"These retiree health care benefits are a form of compensation for services, in the same way as salaries and pensions are," Mr. Attmore, the GASB chairman, said.
Mr. Foss told jurors that bonuses and use of corporate apartments in Manhattan required board authorization because they were "a form of compensation".
As a form of compensation, the government has offered the Chagossians a support package of £40m spread across 10 years, to be spent on community projects.
Some corporations relied on them excessively as a form of compensation, a practice that in some cases led to creative accounting.
4) He was describing reload stock options, a form of compensation that gives executives who exercise them both a share of stock and a new option.
The pair were eventually deported, but not without having to pay thousands of dollars in "blood money"- a form of compensation - to their alleged victim.
More suggestions(16)
a form of reparations
a system of compensation
a share of compensation
a form of proof
a form of violence
a form of identity
a principle of compensation
a form of self-expression
a form of terrorism
a form of bulletin
a form of banishment
a level of compensation
a form of communicating
a form of acceptance
a promise of compensation
a method of compensation
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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