of employees spend 12+ working hours each month on personal financial matters
That loss in productivity costs employers big time—to the tune of $250 billion in lost wages every year, nationwide.
53%
of employees say their ability to focus at work is severely impacted by financial stress
That inability to focus leads to major loss in productivity for financially stressed employees, impacting your bottom line.
62%
of employees would change jobs for an employer who cares about their financial wellbeing
Your employees don’t just want a workplace financial wellness program, more than half are demanding one.
The Financial Health of Your Employees Matters
Because when they’re happy, so is your bottom line.
Offer the no-cost workplace benefit that puts you ahead of the competition and helps your employees overcome financial obstacles so they can be more focused, productive, and engaged.
Financially Stressed Workers Affect…
Your Business
Lower Productivity
Absenteeism and lower productivity tied to financial stress is costing more than $1,900 per year, per employee. John Hancock,2019
Higher Turnover
40% of workplace turnover is due to financial stress. Pension consultants inc, 2014
Higher Healthcare Costs
33% of workers have put off medical treatment due to cost in the last 12 months. Gallup, 2019
Their Retirement Plan
Lower Contributions
About half (49%) of workers consider themselves behind schedule when it comes to saving for retirement. John Hancock, 2019
Lower Balances
69% of Americans have less than $1,000 saved for retirement.
Higher Loans
21% of eligible participants borrow against their 401(k). Employee benefit
of employers offer employees some type of help with financial wellness.
Financial education alone is not enough
Financial education is the most common financial wellness benefit offered by employers—but is it enough?
Studies show that to actually reduce financial stress in the workplace, education must be paired with products and services that empower employees to spend, save, borrow, and plan.
That’s Where We Come In
We partner with you to bring affordable and responsible low-interest personal loan and financial wellness initiatives to your employees so they can minimize financial stress and maximize productivity in the workplace—all at no cost or risk to you.
Finally, a safe and effective way to boost employee retention and productivity. Go ahead and be the hero—in and out of
the corner office.
Salary-Linked Employee Loans Can Help
Minimize financial stress in the workplace while maximizing productivity and retention.
Stop 401(k) Leakage
Financial wellness and salary-linked loans provide employees with a more responsible safety net.
So when emergencies occur, they don’t resort to raiding their retirement account early.
Improve Retirement Savings
More than half of all Americans dip into their retirement savings early—and those who default lose an average of $300,000. Thanks to employee loans, this happens less often.
Pay Off High Interest Loans
Employees can pay off several high interest loans with one affordable salary-linked loan. Repayments are made through salary deductions, so they’ll never have to worry about missing a payment again.
Help Prevent Bankruptcies
530,000 families turn to bankruptcy each year, in large part due to medical bills. Salary-linked loans offer an affordable and responsible alternative to personal bankruptcy declarations.
How it Works
1. Sign Up
Create a secure account on our website to get started. From registration to implementation and beyond—our dedicated team will be with you every step of the way.
2. Spread the Word
Tell your employees the good news while demonstrating your commitment to their financial wellbeing. We’ll give you everything you need to promote this incredible benefit so you can sit back and be the office hero.
3. Pass on the Savings
Linking repayments to salary deductions means less risk and reduced operational costs for us. For you and your team, it means lower costs and better interest rates.
Because the right partnership makes all the difference.
Quick Implementation
Start helping your employees as soon as tomorrow. Our quick and easy onboarding process was designed to make your life easier while making their lives better.
Turnkey Solution
Provide your employees with this life-changing benefit without changing your payroll process or adding more work to your day. Processing deductions is quick and easy, and we’ll be there for you every step of the way.
Promote Financial Wellness
Improve their financial wellbeing and boost workplace productivity, all at no cost to you. Offer financial peace of mind through salary-linked loans and financial wellness programs from Stately Credit.
Ready to Be the Hero?
Reach out to us today to learn how you can offer this no-cost benefit that makes a true difference in the lives of your employees.