When it comes to compensating employees for their work, the term "wage concession" is frequently used. However, there are a variety of other words and phrases that can be used in place of this term, depending on the context. Some synonyms for "wage concession" might include "salary reduction," "pay cut," or "reduced compensation." In some cases, the term "wage freeze" might also be applicable, particularly if workers are not receiving any increases in their pay. Other potential synonyms might include "benefits reduction," "compensation cut," or simply "financial sacrifice" - all of which describe situations where employees are receiving less compensation for their work than they might have otherwise expected.