Sorry, no online dictionaries contain the exact phrase minimum level of compensation.
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Reverse dictionary results:
1. floor
 2. wage floor
3. minimal
4. acceptable
5. award
6. under
7. wage
8. low
9. rate
10. scale
 11. cheap
12. less
13. ante
14. basal metabolism
15. fail
16. margin
17. note
18. old
19. penny
20. hoot
 21. nil
22. hurdle rate
23. national assistance
24. social assistance
25. stockist
26. supplementary benefit
27. breakage
28. consideration
29. employee
30. payback
 31. premium
32. recoup
33. reprisal
34. salary
35. toll
36. tolling
37. offset
38. cover
39. commutation
40. compensable

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You can look up the words in the phrase individually using these links:   minimum ?   level ?   of ?   compensation ?
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