Sorry, no online dictionaries contain the exact phrase compensation mechanism.
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Reverse dictionary results:
1. adjustment
 2. take
3. throw
4. unemployment
5. allowance
6. amendment
7. benefit
8. board
9. bond
10. bonus
 11. clearing
12. commutation
13. compensator
14. consideration
15. duty
16. earn
17. expiation
18. fee
19. fix
20. give
 21. indemnification
22. insurance
23. livery
24. mend
25. offset
26. pay
27. premium
28. recompense
29. recover
30. recovered
 31. redress
32. remediation
33. remedy
34. rent
35. renting
36. repair
37. reparation
38. repay
39. reprisal
40. restitution

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