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Is this an US-specific problem?
Monthly salaries with hourly compensation for overtime is a thing too
I’ve never heard of a job that paid on those terms. Historically, you’ve had hourly contracts on a fixed schedule, so you were functionally guaranteed a minimum number of hours. But modern service workers operate under Zero Hours contracts that don’t guarantee any kind of minimum.
Are you in the US? Because that’s what they were asking. Around here monthly vage with an hourly bonus for working over time is standard.