EMPLOYEE FINANCIAL STRESS IS COSTING YOUR COMPANYOver 40% of working Americans struggle with financial stress, leading to decreased productivity, absenteeism, and higher turnover, totaling 13-18% of total salary costs.
Salary Finance partners with forward-thinking companies to improve their employees' financial wellness, through smarter financial products like low-interest employee loans.
ARE FINANCIALLY STRESSED
32% of workers run out of money between paychecks, causing them to turn to high-interest credit cards or payday loans to make ends meet.
Poor mental healthPeople with financial stress are 6 times more likely to be suffering from anxiety and 7 times more likely to experience depression. (Source: The 2nd Annual Salary Finance Report)
Lost productivityThose with financial worries are 10 times more likely not to finish their daily tasks on time and 9 times more likely to experience diminished work quality. Combined, this equates to 29-39 productive workdays lost per year. (Source: The 2nd Annual Salary Finance Report)
Increased turnoverThose 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 more
BECAUSE 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 more
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.