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…
“Super quick and useful! ”
Lola Cabrillana
“Easy to use, funds deposited quickly in to your account when needed ”
Christine Savage
“Great benefit from my current workplace. It took a couple of days to set up/verify my account which I done as soon as I heard of this scheme. Then, when I needed to use it, the money arrived within a ...”
Faye Baugh
“Excellent service ”
Karen Hadley
“Just easy to use ”
Jenny Rathband
“Brill you get your money straight away”
Ben
“Very smooth process. Easy to use and quick payments”
Maffoo Cox
“Salary finance is amazing! On the occasion that I need an advance, the process is so quick and easy! There are no hidden fees and rhe fees are very reasonable. Payment is sometime instantaneous after ...”
Shanaz Kumari
“Financing my salary is a chance for me to have greater financial stability – it allows me to better manage my household budget, avoid debt and build a safety cushion. It is real support that can imp...”
Sabina
“Salary finance is quick and easy to use, very handy just before payday ”
Sarah
“I’m so glad my workplace offer these services, it is great for unexpected costs from especially when you get paid monthly and don’t have the time to plan in advance, the flat rate service fee is v...”
Mollie Cook
“Excellent service of salary advance. Requested an advance and money was in bank within an hour even though it states payment will be following day.”
Carol
“Very easy to use site, allows you to choose the amount you need from what you are entitled to. Very low cost for using the service, and easy for repaying amount, hassle free. Great help to tide you ov...”
warren stanton
“This has genuinely helped me out of some tight spots financially. Greatful to have this option when I need it ”
William
“Hery helpful I'm using Salary Finance usually for small advance payments before payday.... no hassle so simple
Now however I had emergency situation as my car broke down and needed fast loan .. it t...”
Boguslaw Frydynski
“I took a loan out the repayments was given to me money taken out of my wage so don't miss it I can't see any problems rates are fair and you can make repayments on top of you want to reduce your loan ”
Adrian cocker
“Amazing quick and easy x”
Cheryll Fyffe
“Very quick and easy to use, and normally on your account within 10 minutes! Helpful when you get that unexpected bill”
Phil ward
“Very helpful ”
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“A Very benificial alternative to a short term loan and when your short on money before payday, the small fee is worth the convenience. Would definitely recommend ”