We have had the great pleasure of working with Harvard Kennedy School on a research study that quantifies the impact that Salary Finance’s loans benefit brings to employers and their employees.
The review and analysis, has shown that:
- Employers that have launched Salary Finance have seen a material improvement in employee retention. On average they have seen a 28% increase, creating millions in cost savings for employers.
- Employees that use Salary Finance have saved around two-thirds in interest repayments compared to other options. This is the most amazing validation of our aim of helping employees out of debt and into savings sooner.