How to recompile component JSPs in AEM via Felix Console

In the latest versions of AEM, there is a new feature available, which can be used to recompile the component JSPs.

This helps in resolving issues like:
- Latest changes not available on package install
- ClassNotFound exception on package install

This functionality can be accessed by:
Login to Felix Console and go to Sling >> JSP OR directly go to <aem-domain>/system/console/slingjsp
Click on the Recompile JSPs button