Even before the cost of living squeeze, the impacts of Covid-19 have led many employees to struggle more with their finances – putting huge pressure on their mental health and ability to be productive at work:
53% struggle more with their finances since Covid-19
2x as many worry about their financial situation every day
95% of those say it has a negative impact on their mental health
43 million hours are lost each week to poor financial wellbeing
40% say their financial situation affects their ability to be productive
Supporting the financial wellbeing of your people now is one of the most effective ways you can improve their personal and professional lives.
We surveyed 1,000 working people across the UK to uncover the financial wellbeing and mental health impact of the cost of living squeeze.
By downloading this report, we hope you’ll find greater clarity and a deeper perspective on how poor financial wellbeing is affecting productivity and costing your business.
Salary Finance exists to help people take control of their money. Our mission is to improve the lives of working people, helping them become debt-free and save towards their financial goals.
This means creating products that always put the needs of the people using them first. No compromising, ever. Just great products that help people with their day-to-day lives.
We provide financial education, savings, affordable borrowing, salary advances and world class financial education.
We are the largest employee financial wellbeing provider in the UK, helping over 4.5 million UK employees...and counting!
So, why Salary Finance?
Holistic wellbeing is not a buzzword for us
We’re complex beings and the areas that make up our health are interdependent. The link between our mental and financial wellbeing is undisputed. Investing in someone’s financial wellbeing, means investing in their overall wellbeing.
We like to keep things simple
We've had a few late nights, early mornings and countless coffees to create our own in-house world-class technology. This means a simple and straightforward process for your people and payroll team - always.
Our job is to help you
We’ve partnered with some of the largest and most complex organisations in the UK. Every business has their own unique challenges - complex payroll systems, a diverse and dispersed workforce. Our job is to take the hassle out of launching a new benefit away from you, and into our hands to make it happen smoothly.
How we help millions of employees
Watch the following videos to see how we improve financial wellbeing at some of the UK's largest organisations
“Salary Finance was the easiest loan I ever dealt with - and it helped improve my credit rating”
2:16
Matthew Bartlett
Legal Advisor
“A great benefit to improve employee financial fitness and mental wellbeing”
2:51
Emma Thomas
Head of People
“Salary Finance has completely changed my outlook on life - I am a lot more confident now”
2:36
Lerisse Johnstone
Associate Vendor Partner
“My future looks a lot brighter now that I'm back in control of my finances”
3:48
Jordan Davies
Commercial Sales Trainer
“It's like a weight off your shoulders - our NHS Trust has really hit the mark here”
2:50
Sarah Crowe
Senior Diabetic Retinal Grader
“When we listened to our colleagues, we learned that this was the sort of benefit they really wanted”
2:18
Wayne Hall
Head of Colleague Experience
Getting started is easy
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Don’t take our word for it…
“I started my job at the the middle of the month and being used to be paid weekly from my previous job it wa difficult for me to pay monthly rental as well as cover my transportation to work expenses....”
Wondermore Tarwireyi
“Amazing service, took me not time at all to set up! Super easy. Gave me all the information I needed, I love how it's all set up, being able to request multiple times a month is incredible. I will be ...”
Grace
“Very easy to use, quick response and help available if needed ”
Nicola
“Before you make your choice there is plenty of literature to help you make an informed choice and whether or not a loan is the correct option.
It is then easy to use and simple to understand what yo...”
Mike Laba
“Quick. Easy. Happy days! ðŸ‘😬”
Luke Kingham
“Was quick, easy to use straight forward and right to the point no messing around a great service no hidden fees.”
misfit actual86
“Quick and simple to use with great service”
scott harvey
“Outstanding company fast prompt and efficient, pay out quickly and details sorted 5 stars ”
tracey webber
“A fantastic service. Fast, And no complicated forms to fill in.”
Craig
“Easy to use and clear to understand. When I left my employer they were patient and understanding and extremely helpful arranging alternatives. ”
Daniel Antoniou
“So easy and straight forward to deal with. Payments straight from my salary and has helped turn my life around. Thank you for this service! ”
MONICA KERSHAW
“They were really fast and efficient. I applied for a loan and got it with one hour after approval .”
Adnarain lukshmudu
“Great to know they are there if you need them money was in my account in minutes no issues what so ever would definetely recommend”
Mr Phillip Cooper
“It was quick and easy to use site
And got an answer within minutes
”
Me bacon
“Excellent services ”
Madalina pancu
“Great service and there tell you all the break down and when it comes out of your account and it's goes through my work so l don't miss the money at all, l get all the break down and the last payment....”
David Poole
“Very straight forward, easy and kept up to date.”
MRS SIMONE WOOD
“Really quick and easy online application process.
Low interest rates
Funds available immediately if successful.
Would highly recommend”
Kelly Evitt
“Great quick service, ideal for when things are a bit tight or something comes up that you didn’t account for, and none of those expensive apr’s either. ”
Stuart Linnett
“Very easy to use, emails are always sent out to confirm how much you have used before payday. I would recommend!”