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…
“Alex my customer support super star was FABULOUS gotta wait for a decision on the loan but he truly helped and took the time to get the issues resolved... Thank you Alex 👌👌”
Mr Paul Gaunt
“Great experience bren life changing some months with the advance. Would recommend thus to anyone. Had a loan as well bern easy to pay back ”
Candie Barnes
“I found salary finance a really useful tool to help make my money go a little further every month. The app is easy to use and the money appears in my account after only a few minutes. Highly recommend...”
Mark Hassall
“Everyone was so helpful, responded quickly and genuinely wanted to help! ”
Jordan mead
“Great service as always from entire team ”
Reegan Muvuti
“Happy with Salary Finance ”
Bernadette Conway
“So happy with my salary finance loan,it was quick and easy no hassle and the money was paid into my bank in 10 minutes and the interest rate is a lot lower than my bank,Thanks ”
Jason Humphryes
“I recently enquired about my Salary finance loan ,,as I miscalculated my monthly repayments, but, I asked for the necessary information and I was professionally assisted ,,,,, many thanks to Ninad,,...”
Philip welsby.
“At first I had some problems filling out the online form however online help was fast and chat box works good. After that everything took max 5 min tops! And money arrived on my bank account same day,...”
Patrycja Warzecha
“Brilliant service - Paid out within the hour
Liam Middlebrook”
Liam Middlebrook
“1st time set up and salary advance was so fast and efficient. Money was in my account instantly. An easy and smooth process.”
Moira Devlin
“Helps when you need it .it's as simple as that. Great service 👠”
Andrew
“Salary finance is definitely a great company. Everytime I have used their services i have never been let down on how exceptional they are. I have used them on multiple occasions and have never had an ...”
Craig Mundy
“Excellant, easy to do from start to completion took less than 30 minutes”
David Butler
“Amazing fast response. Unexpected bill and I don't know what I would of done had I not received the help with the extra from salary finance. Sometimes things come up before payday and this is a great...”
Michelle Davey
“Just applied for a loan and still waiting but
I really appreciated how quickly Neelam responded to my questions and kept me updated at every stage. Your kindness and attention to detail truly made a ...”
Amir
“Salary finance the best team.
Always they help people.
Recomande ”
Georgian Serban
“Very happy with Salary Finance it's quick and easy to use. It's a life line. ”
tara christie
“Salary Finance gives opportunity to experience the benefits of working hours with little interest and top ups. Essentially it’s worth it”
Ayodeji Obafemi
“I am pleased to share my experience with Salary Finance, a service that has proven to be exceptionally beneficial for individuals facing financial challenges. From the outset, the process was remarkab...”