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…
“I would highly recommend the salary finance. Great experience so far.”
dorota smalarz
“a very good alternative to typical bank loans, even with a bad credit score. just a few clicks, decision and money in your account in less than 24 hours. Convenient repayment plan.”
Waldemar
“Salary finance gave me a short term loan when I needed it the most, I have a bad credit score due to past issues when I was younger so was declined for every other loan, I earn a pretty good monthly w...”
Toni Richardson
“Fast,efficient, easy following,quick response”
Tara Maher
“Great service”
Joseph Farrier
“The application was super easy to complete and rate of finance is also very good compared to loan rates in the market. The money was in my account straight away so I had no waiting to do.”
Faz
“Really made it easy to navigate through the questions & got the result super quick
The rate I received was extremely manageable & worth doing if you need a a loan with a great rate to pay back .”
jane carrington
“Excellent service from start to finish would recommend them highly”
Marilyn
“Applying for the loans was quick and very easy! I've been through this process a couple of times already and the money always gets to me quick! This has helped me a lot since I started working with my...”
Amy F
“Such an easy and quick way of taking out a loan was in the account within an hour too”
Mari Connor
South Ockendon, GB
“Salary finance are great and really quick!! can't fault them!”
Karen
“2nd time i have had a loan from salary finance and as before they were absolutely brilliant from start to finish. Definitely would recommend!”
Scott Fitzsimmons
“Process was very easy from start to finish with a very quick pay out. Would definitely recommend them”
Joanne
“Fast reply’s to my emails dealt with query great”
Sharon Stevens
“Excellent service. Very quick and easy to set up.”
Lidia Glinkowska
“Easy super fast, helpful for people who can’t always get credit elsewhere. Would highly recommend”
Lee Deere
“For me, it means a lot that the employer thought to be able to help us in this way. It's a simple way to borrow money and get it back from the salary.”
Mihaela Vrabie
“It means a lot to me that the employer thought to be able to help us in this way. It's a simple way to borrow money and get it back from the salary.”
regina rossi
“So easy and simple. It could all be done online and having social anxiety I find telephone conversations quite difficult. This was the best thing for me.”