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…
“Was very simple and straightforward. ☺︔
Anees Miah
“Perfect service thank you so much I appreciate all help ”
Sara Wellington
“Very helpful with all the information need it and very professional ”
customer
“Fast low cost loan”
Michael
“I found myself in a bit of a financial pinch due to an unexpected bill. I used Salary finance to advance some money to help.
It was flawless, incredibly easy process and in my bank account within mi...”
Tom Moore
“Always helpful, thorough and only let me borrow what I need and when I need it. Very polite and kind and ethical too, I know there won’t be any hidden fees or difficulties etc ”
Ashleigh Trickett
“Straight forward,and Quick decision
Very Happy with the Service. Best online application ive ever had to do”
Paula Owens
“Very helpful don't overdo charge and always comes in handy at times ”
Claire Louise Baker
“Best moment of my life
Like seriously I never knew I can ever get a payout so fast like I got with salary finance. It’s looks like a magic to me. Anyways thanks a lot Salary finance for helping me...”
Samuel Popoola
“Great service, really handy if you’ve had a tight month. The cheap fees make it a no-brainer.”
Ross Park
“Very handy in an emergency and easy to use.”
Sarah
“Super easy application process. Fast and effective advance payment. Great place to go when you need a little help in advance before pay day. ”
Lyndsey Chadwick
“Good help people thanks”
JANETTE DOSTALOVA
“Salary Finance were a great help, the transfer was almost instant and it provided clear instructions on how to use it. Very happy with its service, highly recommend. ”
Miss Jasmin Trim
“Amazing service, so easy to use and arrange and everything is simple to understand. Would highly recommend.”
Stuart Gray
“I absolutely love salary finance, they have a great website so easy to use the advance service is fantastic especially when your in a fix and just need a bit extra in an emergency,
And the loan option...”
Samantha O’reilly
“Very easy to use and very simple explanation of what happens on pay day ”
Tommy Popple
“What a truly fantastic opportunity have financial support-through Salary Finance and your workplace employer. Super easy to apply, decisions made quickly, money in your bank in record time and no wor...”
Consumer
“So happy the loan really helped me! Happy with the repayments to come straight from my pay! And all dealt with so quickly and in bank same day! Thankyou so much! ”
Nicole Howard
“Salary finance is a literal life saver for those periods where money is tight and you don’t know how you’re going to get from one day to the next. But being able to get an advance on your wages is...”