It is common in UK to be salaried but on call on an hourly rate.
Seemed pretty sane/rational to me that I never minded being on-call. There were the occassion where I was not immediately available, but I notified everyone when I would be and got to work when I said I would.
I can see where this is ripe for abuse by either side, so I'm not trying to brush off those that are getting abused by it.