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…
“Excellent service , always handy if an unexpected emergency happens. Very quick and efficient.”
Stephanie Toms
“Really helpful ! And so great my company use it ! Such a good tool and app so easy to navigate too! ”
Summer
“Easy to use and quick service! Small fee!”
Aleksandr Spuntov
“Love this option for getting an advance on my pay, it has helped me out many times. ”
Carole Simpson Was Clements
“Salary finance is a good safety net for when emergencies happen or when I need a little boost in cash the fees are very minimal which is amazing they offer so much other help that I will be surely usi...”
Lewis Douglas
“So easy to use and explained very clearly. I felt very safe using this service and it has helped me a lot with financial flexibility. Well recommended.”
Christopher White
“I was in very urgency. It was very use full. Great. Thank you.
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Shajukumar Sivaramapillai
“Fast payments, easy to use service. Not complicated at all and no nasty small print. Does what it says on the Tin :) payments are made pretty much immediately with no hassle, and customer services ver...”
Amber Holland
“Salary finance has been brilliant especially for when you get unexpected bills to pay they are there”
David Dyson
“Brilliant service quick and easy to use highly recommended ”
Louise Symcox
“Such a great help when needed. Those last minute bills or just to tide you over with petrol or a little food shop. It's really does help to cover things that sometimes pops up. Money also comes very q...”
Kerry Bailey
“Very helpful!”
Dale Obrien
“I have found salary finance so helpful with dealing with issues in every day life it has saved me a fue time really helpful ”
Thomas Cook
“I have never had any problems. Everything is clear and well explained. ”
Joanna Kos
“Really easy to use and helps me get through to the next payslip but letting me borrow some for a low fee. Thanks salary finance 😔
Andrew
“Salary Finance is really help with advances given I don’t need to take loans if I have access to my salary before my pay day and it can help you in crucial days.”
Rafique Danish
“Great service, quick and with zero hassle. We all need wage advance at some point. I recommend salary finance to anyone. ”
Chris Boxall
“Salary finance is an excellent way to get the most competitive rate for a loan backed by your employer. Their customer service is good and there was no penalty for repaying my loan early. ”
Thim
“Using the system is easy and not at all complicated. Very straight forward.”
customer
“I used salary advance recently. And the experience was really good. Money credited within 15min. I really recommend this.”