Unless the article is misworded, it says it gives employees the option to bank those hours for later use instead of getting overtime pay now

I'm salaried, so it doesn't matter if I work 40 hours per week or 60 hours. Although my employer allows us salaried employees to bank comp hours if we do work more than 45 hours in one week (or if we have to work nights or weekends for emergencies)

I personally like the ability to bank additional time off. It gives me another 2-3 weeks per year of vacation time most years.

The money made by time and a half OT pay has some of our hourly workers taking home a fraction of that money because it usually bumps them up several tax brackets for that pay period