USFREEDOM911
MAKE AMERICA GREAT AGAIN
A friend worked at a company (software) that converted a bunch of IT people from salary to hourly. The IT people used to get annual bonuses as salaried people. As hourly, they weren't qualified for a bonus, but the company told them that overtime would make up for the money.
Friend was not impressed at having to work more hours for the same money.
And even less impressed when, right after the switch, it was announced that no one was allowed to work OT without jumping through approval hoops.
So basically, everyone got a pay cut.
This was 5 years ago or so, when companies were getting sued for classifying people as salary to avoid paying OT.
The draw back to salary and OT is that unless your hourly wage falls below the minimum wage, most States will say you're not eligible for OT pay.