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Salaried status usually benefits the employer, especially if you're in a high-pressure job that requires lots of overtime.
Hourly is nice because anything over 40 hours a week is usually time and half. Accouting for your time is usually more intense however because if they can get away with paying you 38 hours instead of 50, they are all for it.
I had the worst of both worlds at my last job - I was salaried, but I had to account for what I did during every hour of work. I was expected to work 50+ hours a week (I didn't often) because according to my boss at the time, that was the average amount of hours salaried employees work.
My new job - still salaried but no expectations of work hours. Take the amount of time needed to get the job done. If it's a 10 hour day, if it's a 4 hour day, it's all the same. Get your crap done and it's all good.
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