Can a H1B Visa holder work on a non exempt(Hourly) Compensation ?

[Srisha Belur]

I recently got an offer letter from a company, but the compensation is hourly. I like the company, and I wish to know if this is acceptable.
I got my H1B approved 4 months back.
The company provides compensation as per the H1B prerequisite salary, but the salary is hourly.
Am I allowed to work for an hourly compensation?

I recently moved from the company which sponsored me, and I am looking to move to another company that accepts H1B transfers.
Can I work on a hourly salary despite being on H1B?
Any help is appreciated.

Edited August 8, 2022 by Srisha Belur
More clarification

[Zodiac System]

Yes you can work on hourly salary on H1b.  This salary should be same or higher than the hourly salary mentioned in the LCA.  

[JoeF]

You can work hourly, but the regulations require that you get paid for 40 hours/week, even if you work less. There are also overtime pay rules, so working for more than 40 hours means 1.5 times the pay for any hour over 40 hours.