As you screw it on, you bend the tail to pass around the bend of the hook. Most baits are flexible enough to hold up to this. Larger baits may require larger hooks, such as 1 or 1/0.
It takes a little longer to rig the bait, but they hold really well. I usually tie on a quick change snap (fast lock or whatever your preference is) so changing baits is pretty quick if you already have several pre-rigged.