Compensation strategies are techniques used by language learners to overcome limitations in their language abilities. The document discusses different types of compensation strategies and provides examples. It explains that compensation strategies have two main approaches: guessing intelligently and overcoming limitations in speaking and writing. Specific techniques under each approach are also outlined. The document then analyzes common issues seen in students' speech, such as repetitions, fillers, sole use of content words, fabricated words, retrieval processes, drawing out sounds, mumbling, and asking for help.