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…
“Very helpful staff and good service.
”
Martin Welsh
“Salary finance helps me so much through the month as I have 5 kids. I'm really grateful for this service, to be honest I'd be knackered without it, with the cost of living and mite wages dosent cut it...”
JOHNNIE FITZHARRIS
“Great tool that's helps me when I most need it ”
joe hunt
“Great and easy service to use. Money was deposited very quickly. ”
Chem
“Amazing company. I cannot recommend them enough, i was able to pay a big vets bill because of i loan i had from them when my dog passed away suddenly. And as long as you are good at budgeting and bei...”
Paula Hemmings
“Its everything prompt and so easy to do it, so happy with a service provided ”
Lina Zakare
“So quick and straight forward to use. Customer service response questions was all answered promptly. What more can say but fantastic company to use”
Richard Rose
“Absolutely very good when it’s needed time thank you
Naveen Chinthala ”
Naveen
“First time using the service and cant recommend it enough saved me a weei before payday with a smal boost of my income to help me get by for the week with essentials that i needed. Definatly worth it
”
Lewis Binns
“Wonderful service, quick and easy
Applied for a loan and the rates were amazing , money in account immediately, no hassle at all ”
Malik
“Brilliant service, once confirmed I applied for a advance on my monthly wage and for a small admin fee the money was in my bank within 10 minutes even though it said it would be within 2 working days....”
Simon Wilks
“Applied just after lunch on the 17th having set up my account at the same time. Money was in my account by 3pm that same day”
KARL WHITE
“Brilliant Service, thank you!
Josh Perry ”
Josh Perry
“I have had a great experience with salary finance, I did not know this even existed so when I found out I applied straight away and within 3 days my account was active and I could request money, which...”
Shani Swan
“Extremely easy to use. Reps are helpful and knowledgeable about the ins and outs of the service.”
Lia
“Support team was very helpful, they answered as soon as they could and explained very well the situation.”
madalina danescu
“The service is quick and easy to use ”
Rebecca
“I work for a security company and they have you guys which is a massive help after just starting a new job I didn't have access to my account due to just starting an didn't have access to any fund but...”
Terry Dark
“Straight forward, no hidden fees or chargers, polite customer service help with any questions.”
Lisa Murray
“Stress free fair and speedy financial solution. That does not leave you out of pocket or having to get loans or aid from somewhere else that may have higher interest.”