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…
“Great and simply to use, glad I can get a advance in my wages, shame I can’t get a loan, as always get email saying can’t get me a loan at the moment but where I work people have worse credit scor...”
Sam
“Very quick and easy process to use. Makes my life easy when I just need that little extra money to get me through the month!”
Alex Buhagiar
“Super simple forms, super quick payout & been using salary finance for over 5 years without any issues. What else could you ask for, keep up the good work.”
Richard Busby
“I use salary finance for so long they answer quickly the agent is very helpful the rate are small and the money go in quickly i recommended ”
Stela
“Easy to use, fast, efficient ”
Kelly flood
“My company gives its employer lots of benefits including salary finance. Used it for the first time. Couldn’t believe how straight forward it was created an account in less thank 3 minutes then got ...”
Mr Pannu
“Very trustworthy offer and quick service from salaryfinance. Would recommend anyone who needs advance payments or cheap and affordable loans for any use. The best deals and ability available for emplo...”
Raees malik
“Quick and easy application process ”
Carolina
“Used this service recently & found it to be extremely useful at the time required. Money paid into my account almost immediately with no issues experienced.
Also had cause to recently call them up to ...”
Mark Broadhead
“Very happy very help when i needs many its my star. ”
Gheorghe Tutunaru
“Excellent customer service.
Great to deal with, really helpful in these times when everyone is struggling. Would recommend. ”
Rebekah Hudson
“Simple to set up, quick payment, cheap fee. ”
Hanna
“Salary Finance has been a game-changer for me.
I need a salary advance to cover a bill, approval came in minutes and the money was in my account the same day. Their rates charged to do so was pence. ...”
Mr Bradley Mousley
“Its my second time using salary finance everything is so straightforward its a great option to have if you need that little extra cash to help out and for me personally the money was straight into my ...”
Lee Casson
“I use it most months to see me through until payday it’s so easy no stress it comes straight off my wages it has helped me out so many times highly recommend it.”
Margaret Reilly
“Very easy to apply, only took 5 minutes and the money was in my account 10 minutes later. Very good !”
Stuart Hallam
“It is really wonderful to have such help like Salary Finance I own you a big thanks for helping me ;) ”
Beata R.
“Always there when I need it, has helped me out massively, especially when it’s got close to the end of the month and I need a bit of an advance from my next pay!
Would definitely recommend! ”
Gee
“This is the second time I have used salary finance for a loan. It’s like a weight has been lifted. I felt like I was getting into a bit of a spiral with debts and consolidation was the best option a...”
Rachel
“Salary Finance customer service representative are brilliant, polite and very helpful. Great customer service's ”