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
1
2
3
4
Don’t take our word for it…
“Quick and so easy! What a relief! Got a huge car bill just after our family holiday… needed a hand to pull us through this (very expensive) month. My colleague told me about Salary Finance. I couldn...”
Panda Corrigez
“Fast and reliable!!!”
Nicoleta
“Needed a small cash advance from my wages due to a sudden, unforseen emergency. Banks wouldn't have been interested, a loan would have been expensive, frustrating and time consuming. Other loans would...”
Terence Martin
“It’s amazing. If you need a little cash before payday. It helps in the holidays with the extra costs that comes with keeping the children amused. Extremely highly recommended. Low cost to”
Helena Joines
“Very easy to apply and money was in my account in an hour. Charge fee was very reasonable. Defo use again ”
Alpha Pritchard-Shaw
“Advisor was fantastic, helped me a lot , thank you salary finance.”
Wayne Gibson
“I have found the salary finance portal very easy and straightforward to use. I use it in the main to advance salary from one month to the next and Im impressed with the ease of the process and the spe...”
Rachael Selway
“Amazing customer service! I had a customer service agent called cassidy who helped me with my enquiry about the salary advance. He was very polite and gave me all the answers to my questions. I would ...”
Stephen
“Fantastic service for staff, fast payment, sometimes same day if not guaranteed next day. Has helped me immensely. I only found out after working for my company for 2 years that they offer this and it...”
Kiki
“I have always found salary finance a brilliant company and a god send to some who need a bit of help with the finances of this world.
Although I was unable to get a loan at this moment in time I have ...”
peter
“It’s the first time Iv applied and it was so easy to do no complicated forms it took a couple of minutes to complete application and I got a instant result with the monies in my bank same day whatâ€...”
Carol Smith
“My whole experience with SalaryFinance was fantastic and first class, my money that I received was in my bank account before an hour, I would recommend to my colleagues ”
Michael Chapman
“Very reliable & fast. This matters. Would highly recommend using Salary Finance.”
Sara Etchells
“My whole experience of registering with salary Finance and using their services was first class. The website was very user friendly, easy to understand and the information it provided super helpful. T...”
Martyn Haythorne
“Asked for an advance and it went in on the same day, was a huge help to just cover the bills before my next pay day. Forms to fill in were simple ”
Kayla Evans
“Quick and easy very efficient ”
Stuart
“Really useful and flexible, easy to use app and no fuss ”
Georgina Farden
“Salary finance has helped me out so much it's good to know there is something fall back on when you need a little extra funds ”
Emma
“Trustworthy and useful.”
Misiu
“They offer a great service. The advances are very helpful during the middle of the month when things get tight with fast payouts. Customer services are very helpful.
I recommend this service to my col...”