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…
“Absolutely brilliant, with a loan from I was able to clear all my existing finance agreements off to leave me with just paying my salary finance loan off leaving me with a lot more left of my wages.Qi...”
Peter Evans
“Excellent quick response service and affordable re payments amazing 👠”
Zayne El Harrak
“Quick and easy process
Highly recommend them ”
Mrs Darbyshire
“It was my first time using salary finance the application was very easy to do plenty of useful information terms and conditions easy to understand money received very quickly definitely use again ”
Brenda Brown
“You were fantastic form was easy to apply with and all was done in a couple of days,has helped me out as was costing me 3x more than what I'm paying now I can be able to save some money as well now th...”
nathaniel de souza
“Great service ”
Kyron Harper
“The online application process was smooth and easy to navigate ”
Connor James Marsh
“I use salary finance often for small wage advances, as you are capped at borrowing 25% of your wage. It would be helpful if you could get several requests of upto the monthly wage instead of once per ...”
Jason Hirst
“Would definitely recommend ”
Barry Wigs
“Excellent service to help with finances. I have used the advance service many times and the procedure is always straightforward and easy to understand with money being in my account almost immediately...”
Hannah Graham
“The salary deduction scheme is a convenient option as it elliminates the need to worry about missed payments that could potentially impacts one's credit score. Plus the low interest!!! Great company!”
Aireen Napaod
“This is so quick and easy to do and everything is done in 5mins so when u need emergency money and payday is too far I would definitely recommend!”
Toni
“Easy to use and really handy when short. ”
Lacey Pearson
“Absolutely amazing ! Super straight forward and extremely convenient!”
Jedae chapman-mustufa
“Salary Finance has been a life saver. By using this loan service I have been able to get on top of some of my debts. The best thing about this is that you don't have to worry about forgetting payments...”
Stuart Edwards
“Fast and trustworthy service!”
Ben Simonds
“This is the second time I have borrowed from Salary Finance. On both occasions the process was extremely easy to follow and only took a matter of minutes to complete. I was able to borrow exactly what...”
David Charles Peters
“REALLY GOOD EXPERIENCE,GOOD SERVICE,EVERYTHING WAS GONE WELL ”
Valeriu Ichim
“Simply because I find professional people. ”
Gigi Buraga
“a wonderful experience with salary Finance mitie.loan acceptance and paid the money into my account in less than 3 minutes.in future I will always ask them. ”