Poor Financial Wellness
Costs Employers
48% of employees have financial worries, which costs employers 11-14% of annual payroll cost in lost productivity and increased employee turnover.
(Source: The Employer’s Guide to Financial Wellness)
Lost productivity
Those with financial worries are 5.8 times more likely not to finish their daily tasks on time and 4.9 times more likely to experience diminished work quality. Combined, this equates to 25-31 lost work days annually. (Source: The Employer’s Guide to Financial Wellness, Salary Finance)Troubled relationships with co-workers
Those with financial worries are 4.5 times more likely to have troubled relationships with their coworkers. (Source: The Employer’s Guide to Financial Wellness, Salary Finance)Increased turnover
Those with financial worries are 2.2 times more likely to be looking for another job. The cost of losing an employee is 16-20% of total salary cost. (Source: The Power of the Salary Link, Harvard Kennedy School)HELPING YOU HELP YOUR PEOPLE
Salary Finance is a no-cost benefit that employees truly value. Providing low-interest employee loans and other financial wellness products can help improve your employees’ financial wellness, increase their credit scores, and help them move out of debt and into saving.
Find out moreBECAUSE LIFE HAPPENS
Salary Finance is a smarter way to borrow. Through Salary Finance, you can give employees access to new benefits, such as dramatically lower interest loans with higher acceptance rates than other lenders.
Find out moreOUR PARTNER
We’ve partnered with United Way on their mission to deliver financial stability and security. Together, we want to get 10 million Americans out of debt and into savings.
RECOGNIZED BY THE INDUSTRY FOR OUR IMPACT AND SOCIAL PURPOSE
