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…
“Quick turnaround and easy application process.”
Geoffrey
“They are great and always fair on there prices and how they work as a company ”
Adam woodward
“I appreciate this service being available life has lots of uncertainty and being able to access a percentage of yourwages due to unseen emergencies is relieving . It's was a very smooth application ea...”
Hollie Quick
“Salary finance is a great and easy way to access funds, and also an option to get a longer term load which is great and it comes straight out of your wages which is a fab idea. Easy and quick process...”
Rosemarie
“System/ website and instructions on how to get salary advance or apply a loan is very easy, user friendly. I use salary advance regarly when I have urgent issue to cover. My money will be in my accoun...”
Nicholas Matemba
“Easy process and very quick always polite and professuinal”
Jeanette Hutchinson
“The best, and so reliable ”
Ayodele Olowookere
“I have used this for years and couldn’t recommend it enough. It’s simple to use and as someone who lives alone and living life with 1 income salary finance has been a lifeline for me at times wher...”
Jessica Westney
“That was the fastest service ever used and the rate is very reasonable. ”
Ifedayo Esho
“Quick fast loan little interest straight into my account took 20 mins from start to finish ”
Wendy Carter
“Such a great way to access money from salary when needed definitely a 5 âï¸ experience ”
Liane Smith
“Salary finance has saved me!!
From being out of work for nearly a year to getting my dream
Job I had no money to afford travel for the first month.
After working a week at my new job I was able to wi...”
customer
“I am well pleased with Salary finance and if I am to choose a 1000 Times, I will Salary finance. Reasons, the fairness, honesty, cheap APR and reliability. You are one in a million and thanks for savi...”
customer
“For the hardworking men and women of the railways, managing finances can sometimes be as challenging as keeping a complex network on schedule. Unexpected expenses, car repairs, or family emergencies c...”
Ali Abdulgalil
“Exceptional company, was extremely quick and the forms I had to filll in was so easy too”
Jess
“Can be helpful especially when starting out”
Stephen Raven
“Amazing genuinely helpful and also very easy to use make sure to try it out if you need to access cash before you’re payday ”
Jonathan
“It’s perfect just before ur payday when ur running abit low with a little charge fee”
Maddison
“Really easy to use and great to know you can get an advance quickly and easily ”
Sarah Inchley
“Love this service! It’s a life saver when unexpected expenses arise throughout the month! ”