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”
“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…
“Simple straightforward Processed with a decision made the same day”
“Salary finance it really easy to get money . Easy process with very fast replays.
Definitely recommend these company. Money in my bank within a few minutes. So glad my employer has this benefit .”
“Very easy to use and very quick getting the loan into my account!”
“Have used Salary finance before and the process of applying is simple and not complicated. Funds are transferred practically instantly. Payments deducted from salary each month which means I do not ne...”
MRS TILLY ROBINSON
Easy to apply online and the money was in my account within 24hrs of applying”
“Unbelievably fast service, with no effort or hassle. Terms and conditions that suit your needs.”
“Very well designed website, only asking for the relevant information. Decision returned instantly tailored to what I can afford to pay back at the moment. Money in my account the same day.”
“It was easy to complete and very helpful”
“Great experience with Salary Finance always, perfect service and easy application!”
“What an easy straightforward process this was it literally took 5 mins to apply and with the low interest rates makes repayments really affordable I could not recommend salary finance enough I would g...”
“This was by far the most simplest process of credit application I have come across. On the other hand, I needed Â£15,000 but was offered half the amount. Would have been very helpful if I could get a...”
“Quick and easy process with lots of information. Money was sent over the same day offer was accepted. Would definitely recommend”
“This service is really helpful and easy to use. I am blessed my employer uses this service as this money is really needed this time of year. Everything is clear to understand and easy to follow.”
“Itâ€™s was great and very fast experience. Easy to apply and have instant decision. I had money on the same day. Highly recommend!”
“Applied to Salary Finance and absolutely faultless experience. Easy as it could be to apply and was approved and funds in my account in 4 hours. Can't say fairer than that. Fully recommended. Nice one”
“Brilliant, quick and kind service”
“Excellent service fast pay out Naomi Hartley GB”
“They are very friendly and helpful and you get your answer within minutes of applying for a loan”
“Simple and easy application, quick decision, funds received within 48hrs”
“Very easy to do and has saved me some money every month as I consolidated my finances , money was in my bank the same day thank you”