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…
“Is very easy and quick to brow money on a low interest rate.”
Kajanthan Thillainathan
“Made a mistake with my application which flashed up as a different person salary finance and the it resolved my problem so I could go ahead with my loan thankyou
”
John Dyet
“It's saves me from borrowing from friends and it's quick to deliver to ur account. ”
customer
“Excellent service! Quick decision, money 2 min. In your account. Very satisfied ”
Dawid
“Salary finance is easily accessible once you are a worker with one of the companies that they are in agreement with. Your loan is paid out as soon as all documents are confirmed. ”
customer
“The ease of this service is reassuring. The time to confirm your identity could be faster, especially if you need the money asap, the actual transfer was completed the same day very quickly, once the ...”
Mr Radu Dumitru Popovici
“Really good company. Very fast and efficient. Have been using this company for a while and would recommend. ”
Clare Canavan
“Salary Finance has truly made a positive impact in my life. Their service is straightforward, supportive, and reliable. They provided me with financial help when I needed it most, without stress or co...”
Eddy Ismaila Ehivue
“Super efficient service with fair charges”
Simon Steele
“Had a issue regarding an advance,Spoke to Tony who was brilliant and issue was sorted,Highly recommended Salary Finance ”
Justin Christensen
“Application quick and easy application, gives you piece of mind and no hassles it being paid straight from your salary. Will use again.”
Jacqueline Richardson
“Every time I've needed emergency funds, they've been there waiting to help. Saved my b*lls many times, super quick to use and through our company we pay like £1.25 per early withdrawal on Advances, i...”
Thomas Williams
“It helps when I was in a bad place when I needed money to get what i need to pay for ”
James Thomas
“My experience with Salary Finance was excellent it's a quick and easy process and the money went into my account almost immediately. If the occasion arises again I would definitely use this process.”
J South
“This is a brilliant service that helps people budget effectively - paticularly for those on low pay or on variable hours contracts. The fee is very reasonable and the service is fast and intuitive. Gr...”
David Molloy
“Is very helpful and reliable. Has saved me a lot of the time when it comes to being short on money and with emergancy needs. Would recommend if you could get this.”
Logan Morris
“A great Company to use and very cheap for the privilege. I’d highly recommend their swift fast and reliable service. ”
Francesca Federico
“First class”
robert clayton
“Quick and easy to use ”
Dan Williams
“Extremely convenient and cheap service to use. Has kept us going on a fair few occasions.”