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…
“Fantastic service that is offered, great customer service when needed and all round great company to deal with.”
andy smith
“The best company so much helpful”
George Wilson
“I find salary finance useful. It’s very quick and easy to use! Never had any issues.”
katie
“Salary finance rate is very good and they are quick in dispensing cash, checking if you’re eligible won’t affect your credit score”
Richard Okoroma
“Quick and easy the money was in my bank within 10 minutes ”
jackie Pritchard
“This comes in so handy especially closer to pay day! Always so quick aswell ”
Amy B
“Brilliant and quick service.
Easy to apply,money arrives well quick.
Should be handy if you can get advance at least 2 times per month,otherwise no negative feedback ;)”
Xy
“Brilliant service ,fast at transferring your money, no interest on repayments.. best way to avoid getting into dept if your abit short through the month ”
Sarah Lomas
“Very easy to use. Quick turn around on the loan got it pretty much instantly after being accepted. will recommend.”
Kieran Nelson
“You are very good and you help people who ”
George Cascaval
“I find salaryfinance an amazing help for times when I'm am struggling before payday, intest is low aswell ”
Sher
“Great to use. Quick decision and very efficient. ”
Rahil Abbas RC Man
“Always approve my application ”
Vijay Kaadai
“Highly recommended has really come. In useful over the last few months. Only possible improvements is would be better if advance was available more then once in pay period. And if they took more into ...”
Teresa Tinney-hunt
“Very quick and efficient!”
Serap Halis
“Salary Finance is a fantastic service. It doesn't let you borrow too much and it is taken straight from your wages. I have used a few times now and have never had a negative experience. ”
Michael Butler
“Really easy to fill out all the required information and a very quick decision. Honestly had such a pleasant journey and don't have any bad words to say or things I'd improve. Overall, a very happy cu...”
Kyle Walker
“Response was quick as I got stuck while completing online application and the agent was on the phone while redoing the whole application . And I got accepted straightaway and money was in my account w...”
Ananta paul
“Always good ”
Chantal
“Really struggling the last few years and got to the point where I have too much debt but still needed some money to help me get through. I have used Salary Finance one time before and again it was sim...”