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…
“Salary finance is completely transparent and shows you just how much you can get and exactly how much you'll pay in fees. The fees themselves aren't even that much and using this service helped me out...”
Liam Plant
“applied for a salary advanced, got through some security questions and the amount that i was entitled to at the time was offered to me. The process is simple and clear and the money was on my bank acc...”
Alice Tavares
“Customer advisor was very professional & helpful. Dealt with my queries quick & efficiently. Would recommend this company to anyone.”
DEANO
“Amazing, good rates, good communication, easy process ”
Danielle
“Amazing easy and fast to set up .. really good site”
Kirsty Blair
“I have used this several times and think it's just brilliant. So easy to use, fast payment, and no interest. It just sees you through the last week until payday. It's fully paid on pay day and it just...”
Helen Nicolaou
“Firstly, Peace of mind, as bills and other things are now paid off and all interest on those were giving me sleepless nights, worry and stress.
The ease of the forms and immediate responses of Salary ...”
Mr Mark Anthony Wilson
“Salary finance has being a life saver for me. It is easy to use and the funds are in my account within minutes. Great job and service.”
Oluwaseun Lawal
“Advance arrives within hours & not next day which makes a difference when you’re struggling. Excellent service!”
Sarah Hughes
“Very helpful and made information clear ”
Trina Berger
“I ran into an issue pushing the loan through due to an old profile from previous employment with my same company but the staff were so efficient and helpful and the rest of the online process was exce...”
Kathryn Edwards
“Good for short term emergency cash! ”
Caitlin leathley
“I asked for this service and I had them answer next day and money arrived in my account in next working day. Great service!”
Iuliana Baciu
“Friendly and helpful ”
Donna Myers
“It was a difficult financial year for me. Been able to quickly access my wages through Salary finance in minutes helped me alot to not miss on d/d. Thanks ”
umubah
“Payments get made really quickly, they also inform you of what is happening and get all the information required to ensure that you will be able to afford getting a loan or your wages paid early”
Lucy Bark
“Great facility, so fast and also very cheap to use”
Dave
“Great experience using Salary Finance. The instructions were clear and simple, the process took only a few minutes and the money was in my bank almost immediately. It is a relief to know the pay back ...”
Georgina King
“It was a simple application and the result was fast and efficient it's a very useful tool to have ”
MR DARREN CURRY
“Using Salary finance has been a life saver. It is quick and easy to access and has given me the opportunity to keep my finances on track when I have no other options. Salary finance bas no hidden nast...”