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…
“Simple and quick service ”
Alan OConnor
“It's great knowing you have a back up when you end it most for a unexpected bill.”
Elaine Dunn
“Had no problems in 18 months money in account within the hour so straight forward would recommend”
Deb
“This was by far the easiest application I've ever used for a loan, after everything was signed i had the money within an hour. Brilliant ”
Darren
“Great service and easy to use site”
Tim
“Its a fantastic scheme to take out a loan through your employer its really handy for an unexpected bill etc and recived funds the same day and comes out of pay so no missing payments or having to budg...”
Gemma Goldielocks Osullivan
“Always there to help People...Salary Finance is great and low interest!very happy ”
Marco Lo
“I had issues creating an account and they could not have been more helpful, when the original issue was fixed the funds were in my bank in less than 10 mins, thank you :) ”
Sophie
“Impeccable service from start to finish thank you 😊”
Kirsty Sanders
“2nd loan i have had and both times, absolutely brilliant! This time it took me 10 minutes to fill out the form and within 5 minutes the money was in my bank”
Lisa Mckay
“Service was very good highly recommended”
Virginie
“Realy quick and easy to apply”
Kevin Hanson
“This experience was very helpful as l needed money before payday.
This was in my bank the next day and paid back on my payday.”
Kristen
“Salary Finance is a life saver for people who have unexpected finical difficulties like myself. I was introduced to SF by my employer after i confided in him that i was struggling with some debt. I co...”
Lisa
“It’s quick and easy to use, very impressed and happy with everything, it’s there when you need it and does not disappoint, easy to get through to customer service too and very helpful, 10 out of 1...”
Deniz Business
“I usually pay my bill at the end of every month. But my salary gets debited at the beginning of every month. So it was too hard for me to rotate the money or I had to depend on any one of my flatmates...”
Mages Waran
“Fantastic service, very quick response and very helpful and straight forward ”
christopher wall
“I have had nothing but good experience with salary finance from advances needed for unexpected bills and loans for housing repairs and wedding planning, nothing but great customer service, decisions i...”
Louis Wakelam
“It’s very easy to very fast to reach bank account it helps so much”