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…
“You guys are amazing and so supportive and always are there for people ”
Lyd Vicenova
“Only positive things to say about salary finance, easy application, clear website and straight forward plan, the money got transferred this same day! Highly reccomend and it couldn't have come at a be...”
Jasmine Gray
“Brilliant and lifesaving so quick and easy thank you ”
Consumer
“Nice product experience nice ”
ROBERT
“Handy service for advances especially on bad credit but I do think Tesco staff should have the option to take 2 advances atleast a month rather than 1 ”
Tom
“A really easy experience with well explained details of how the inital loan worked, plus the top up. I have recently had a top up and the process was extremely easy and quick.
Funds were in my accou...”
Kate Evans
“Speedy and easy to use portal.”
David Major
“I've used salary finance 3 times since it has rolled out as an option with tarmac crh.
Absolutely brilliant service, reliable,on time and above all it's trustworthy.
I fully recommend this to anyon...”
Jamie
“Very Happy to get the salary advance thank salary finance ”
Ricardo Frerking
“Applied for salary finance and I was approved in minutes. Really impressed with how easy the process was and how quick the funds were made available highly recommended ”
Aaron Hargreaves
“Always straight in my bank, no interest and great to use in emergencies and no interest Lucie owen”
Lucie owen
“Very quick easy and simple! Took minutes to complete, used easy simple web page to make process even easier”
Lucy Hipkiss
“Very good company ”
Ionut Cuciureanu
“I have needed to use Salary Finance a couple of times, such as when the car needs something fixing asap and I just haven't got the cash available.
I just log in and ask for an advanced payment, this c...”
Lorraine
“Salary finance has really helped me, if a bill comes in bed I get paid or I need to get some food shopping when I have a week to go till I get paid then I know I can get a little help from salary fina...”
Kathy Clark
“Salary finance has helped to cover bills that would be difficult without Salary advance. This service helps in time of need and is very effective with response.”
Kumbirayi Zaranyika
“It just helps being able to get money out when needed without the worry of paying over the odds on pay day loans also it great at not allowing you to go over 50% so you know what you have spent”
Ashleigh Kerr
“Very fast and easy service to use. Perfect for unforseen expenses”
amelia
“I had a great experience, especially when faced with unexpected situations.”
Mike pi.sa
“Great way to advance your pay when in need of a lump sum early. Comes into your account pretty much instantly. 100% recommend ”