High Tech Wages - Salary or Hourly?

cremes asks: "I'm a technology manager (not a PHB) at a Financial Services firm, and I've recently bumped my head against another dreaded management issue. Most of my employees are salaried with a rather weak "overtime" compensation package. I've asked them if they want to go hourly, but there is resistance. I promised them I would Ask Slashdot what the country & world are doing about high tech wages and the feelings about flat salary versus hourly (+ time and a half). So, how are most of you paid? Salary or by the hour?" We've discussed the amount that you think is fair compensation for this industry, so it's only fitting we talk about how that amount should be earned.