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…
“Always helpful
So far have had a couple of advances and a loan after a backdated pay rise. Brilliant service. Quick and easy to use ”
Lou
“Easy to use and Money in the same day!”
Ross Johnston
“Really straight forward and convenient and with a very reasonable charge.It has been (and continues to be)a really useful facility.The advance was there in a matter of minutes.All in all you can avoid...”
Mr Daykin
“Really handy when an unexpected bill comes in , saves getting into debt with payday loans”
JENNA Dunne
“Great service, that saves people having to get loans with lots of interest,only £1.69 to get an advance, it's a no brainer for unexpected bills or something breaking down on you. ”
BRACKY_RFC_
“This really helps out most months with a very small fee. It eliminates stress before payday. Marie Fisher.”
Marie Fisher
“Prompt response, friendly, understanding and dedicated customer service team. Very reassuring during a crisis!”
Hazel Jessiman
“Amazing experience got my money instantly, and is a quick easy way if your struggling at the end of the month recommended 100%”
Jamie Smith
“Very helpful on this trying times in my life.. Thank you very much.”
Tania Melize Aguila
“Great service, and avoids anyones having to use loan sharks when in need of money to see them till payday in this economic crisis it has been a godsend to me, well done Salary advance great concept an...”
Elaine Moxon
“Amazing. Easy. Just right hands down the best ”
Shelley*
“Was simple to do, money was in. My account within 15 minutes, great service ”
Chris Guard
“User friendly, a very quick service ,highly recommended ”
Christopher
“Was so easy start to finish few simple steps money in the bank straight away very .. will be back if the need comes again ”
Mr Jason Miller
“Quick, easy to use and my advance was in my account in less than 30 minutes!”
Sean Whitehouse
“Salary finance is easy and quick to use. I have had to contact customer service a couple times and they have always been friendly and fast to solve my queries. ”
Steph
“Was helped by the lovely Hannah with a issue I had the accessing my account ”
Bëth Katie
“They are great especially if you have an unexpected bill or payment due”
MISS NOLAN
“The platform is intuitive and efficient. The funds were transferred to my account within minutes.”
Rogerio Campos
“Really helpful and friendly staff answered questions quick and useful.
Very handy to have if anything goes wrong and if life it often does! ”