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 rate salary finance as an excellent service. Very easy to apply and you don't need an excellent credit score as the repayments come directly from your wages. Only found out this existed a couple of ...”
David Shrubb
“Easy straightforward process with very fast payment, communication very efficient. highly recommend ”
Rachel Moore
“I have used the services of Salary Finance through my work and cannot fault them. They could provide me with what I needed at the time when my bank refused, even though I've been a customer for over t...”
Donna Fidler
“Quick and easy process. They never gave me a headache. They have the worldwide excellet customer service”
Joni Oberes
“Great service, easy to use and good customer service. ”
Glenn Coe
“Salary advance help in any circumstance. Easy to use.
BARNABE NEMI”
Barnabe
“Excellent service, quick access to money when needed. Easy to use. ”
Miss Susan Brunton
“Excellent and fast service! Got my loan within an hour of completing all the forms. So grateful that this is available through our work scheme and it helps so much. Thank you for all your help!”
Nikolina Taylor
“Great, fast and reliable service, helps alot to get things done like instantly 💛💛💛”
sucre Taiwo
“Very good service, needed a small advance and money was in my account within an hour, no hassle”
David Calrow
“Excellent customer services would recommend salary finance to anybody Great company great people will always get 5 ***** ”
Goran
“Really quick and easy service. Taken straight from wages is ideal so you don’t have to worry about it. Peace in mind assured. ”
Colin Boddy
“Fast stress free reliable service”
Annie Banks
“I have been assisted with my bills ”
Kumbirayi Zaranyika
“So quick and easy. Great service”
Consumer
“My work partner with salary finance, and it's helped me alot with car repairs etc, couldn't reccomend enough. ”
David Taylor
“Was having trouble logging in changed my number and sending the code to the wrong number , emailed sf and Jordan replied he was very helpful also friendly made the experience all more easier to unders...”
Kellie
“Find this service fantastic and has helped me out so much over the last few months. Money goes in instantly and is always available when I need it. ”
Emily Shewring
“Great option to pay those unexpected bills, I had a vets bill to pay and needed to pay it quick, knowing that you can get an advance puts my mind at rest”
Sam
“Very easy and quick A quick response and a quick decision Extremely satisfied ”