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 personalised group protection.
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”
“A great benefit to improve employee financial fitness and mental wellbeing”
Head of People
“Salary Finance has completely changed my outlook on life - I am a lot more confident now”
Associate Vendor Partner
“My future looks a lot brighter now that I'm back in control of my finances”
Commercial Sales Trainer
“It's like a weight off your shoulders - our NHS Trust has really hit the mark here”
Senior Diabetic Retinal Grader
“When we listened to our colleagues, we learned that this was the sort of benefit they really wanted”
Head of Colleague Experience
Getting started is easy
Don’t take our word for it…
“Very easy instructions and efficient”
“Fast and easy to navigate and finds arrived within minutes”
“using salary finance for the 2nd time
so easy to sort out
& tho they say the money may take a few days to be sent to your bank
mine went in more or less straight after i completed my application
“Wow, quick and easy. Never really thought about finance from work but a mate was talking about it over lunch. So I went online and found the process straight forward. I asked for more than I neededâ€¦...”
“Great experience, the loan was processed very quickly and and sent to my bank account straight away, extremely helpful, I am very happy with this service!”
“Simple and speedy application with a decision made immediately.”
“Absolutely brilliant, very easy and quick
Even had the money within seconds into my bank account
Will certainly be using again”
“Very helpful and fast working, low Apr financing!”
“Fast , easy and pleasant”
“Quick and helpful, easy to use website”
“Great service and everything explained. I choose salary finance as the repayments come straight out of my wages meaning I don't need to worry about missing one.”
“Super easy interface, with decent control panel that allows you to top-up quickly and keep track of how much you've spent so far. Really helpful using Salary Finance, allows you to put all of your car...”
“Was thinking about a consolidation loan and was looking at various options. The best deal looked to be from salary finance and went ahead with my application. They had good and bad news, the amount I...”
“Absolutely a great service ðŸ‘ would recommend to anybody amazing to have deductions from wages 5 stars”
“I was really pleased when I clearscore suggested Salary Finance for a loan. I wasn't aware of this direct salary payment option and I think it is great. The whole process was straight forward and the ...”
“Excellent service, very fast turnaround and easy to apply. Would recommend”
“Simple application process. Quick and easy. Would 100% recommend.”
“Really happy with the application process and the speed in which a decision was made. So easy and quick to sort out a loan for a new car. Would highly recommend.”
“Great rates and got the money next day, absolutely chuffed”