The Work Index by Flexa

Salary Finance

Salary Finance is a financial wellbeing company that partners with employers to offer employees financial products and services like loans, advances, savings, and financial education.

https://www.salaryfinance.com/uk/
5.2

/10

Transparency ranking

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Description

Salary Finance is a financial wellbeing company that partners with employers to provide employees with a range of financial products and services, all designed to improve their financial health and happiness. Their offerings include affordable loans with higher acceptance rates than traditional lenders, salary advances that allow employees to access their earned pay before payday, savings accounts that make putting money aside simple, and comprehensive financial education resources. Salary Finance’s mission is to help millions of people around the world become financially healthier and happier, and they are committed to providing accessible and engaging financial education that empowers employees to make informed decisions about their finances.

Salary Finance has been recognized for their commitment to innovation and social purpose, winning numerous awards for their products, services, and company culture. They are the largest employee financial wellbeing provider in the UK, serving over 4.5 million employees across the UK and the US. Their focus on creating simple and straightforward processes for employees and payroll teams has made them a trusted partner for businesses of all sizes. By working with employers to offer financial wellbeing benefits, Salary Finance aims to reduce financial stress and its negative impacts on mental health, relationships, and productivity in the workplace.

Benefits

Salary Finance offers a variety of financial wellbeing benefits to employees of partner organizations. These benefits include affordable loans, salary advances, savings plans, and access to educational resources to help employees improve their financial literacy. The company's loan products are typically more inclusive and competitive than traditional lenders, and their advance program allows employees to access their earned pay before payday. Salary Finance also offers a government-backed savings scheme called Help to Save, which helps eligible employees earn tax-free bonuses on their savings.

Mission

Salary Finance is a financial wellbeing company that partners with employers to provide a range of services to employees, including loans, savings accounts, salary advances, and financial education. Their mission is to help people around the world become financially healthier and happier by addressing the societal problem of finance-related stress, which negatively impacts mental health, relationships, and workplace performance. Through their products and services, Salary Finance aims to empower employees to take control of their finances, reduce stress, and improve their overall wellbeing.

Disruptor
Improving quality of life/health
Social impact led
Soonicorn
Tech for good

Culture

Salary Finance promotes a culture centered around financial well-being, fostering a sense of responsibility and empowerment for employees. They emphasize transparency, accessibility, and a commitment to social purpose, reflected in their innovative products and educational resources. This extends to their workplace, where they prioritize a supportive and inclusive environment that encourages open communication about financial concerns.

Entrepreneurial
People-first
Progressive
Supportive

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