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The phrase "indication of compensation" is correct and usable in written English.
It can be used in contexts where you are referring to a signal or sign that suggests or points to a form of payment or remuneration. Example: "The job offer included an indication of compensation that was competitive within the industry."
Exact(1)
The results showed no indication of compensation of dyslexia-related deficits by giftedness-related strengths in gifted children with dyslexia.
Similar(59)
Aggravating interactions are commonly interpreted as an indication of bidirectional compensation, where each gene can compensate for the absence of the other by performing a similar function.
This reduction could be interpreted as indication of a compensation effect in chronically exposed mice.
There was thus no indication of temperature compensation or regulation in any of the two species tested.
The effects of large food portions on energy intake can persist over several days, with no indication of full compensation [ 7, 8].
An indication from this study that the degree of compensation is partly conserved for over 100 million years of avian evolution makes this exciting prospect.
"The idea to cap managers' compensation was an indication of the kind of la-la land that this had become," said Holland, who co-chairs Harvard's top fund-raising program.
Moreover, part of compensation is public esteem.
By way of compensation, there's sky.
The issue of compensation is now live.
Drew forfeited two years' worth 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