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…
“Easy to use
Low APR
Affordable especially for the nurses whose salary isn't increasing like every government worker.”
Zahra Noor
“Salary finance have saved me multiple times.
You never know when something is just around the corner, having the ability to get out in a pinch without the worry of using external high interest financ...”
Jake worrall
“Decent for a short time loan”
James Jayes
“Amazing, so simple to use , everything on the app is layed out great and easy to navigate, I've used this service a few times now and cannot fault anything ”
Pidge Spud Lewis
“Absolutely brilliant easy to apply good service”
Diane Atkinson
“Really got me out the mud on numerous occasions. Forever greatful ðŸ™ðŸ½”
Sam Zulia S
“Fast and easy and very affordable . 10/10”
David
“Is easy to use and very helpful if your stuck with something .”
Megan hadman
“Salary finance are amazing they have helped me out if some jams over the last few years where I have unexpected bills or emergency. There system is super easy and very fast at delivering funds when re...”
Dale drury
“As I am an employer at sainbury's I find salary finance a very good company who help me when I am in most need help.very helpful, responsible and professional. Thanks as always ”
Brahim Mougri
“It really helps. Just that little extra to get you through the money. Good scheme to have with a company you work for. Good benefit ”
Terri trimby
“good and fast ...the best help in difficult times”
RĂMÂI Uimit
“Fast.. efficient.. extremely friendy..excellent affordable rates.. 3rd time user.. comforting to use Thankyou”
Rose Whittle
“Salary Finance is a really helpful tool when I am in need of an advance from my pay during that critical time of the month when I need it! It’s easy to use and really quick as well. Will continue to...”
Natalie Naisby
“Fantastic company, customer service is amazing. Highly recommend.,I’ve never borrowed where I can’t afford to pay back. And you don’t have to take the full amount for example if they give you a ...”
Michelle Silver
“Easy to set up, easy to go through with only taking 10mins todo so, I think it's great companies are doing this to help people out and the money was in my bank few minutes later. ”
Gareth B
“Easy application
Decision made in minutes
Can not find anything to complain about
Forms all easy to read and complete
Page layout easy to navigate
Would def recommend
Lee wilmore ”
Customer
“Absolutely amazing! Great service. When ever I have a problem it’s gets sorted straight away. ”
Hal Christian Statham
“Genuinely had a great experience over the last few years with them. Use the advance feature as needed and have been able to access two loans on two occcasions, despite having had issues with other bor...”
Fatimah Layne
“Really helpful in getting loan excellent all round”