Why should I become a Select Partner Employer?

Benefits for both your staff and your organisation.

Financial worries are a huge concern to employers and workers alike: debt can cause stress and depression, which can lead to absences and reduced productivity – a vicious circle that leaves everyone worse off.

However, becoming one of our sponsoring employers means your employees can save direct from their salary, providing a simple method for mitigating future financial stress. Moreover, recent studies have shown (Chartered Institute of Payroll Professionals, Jan 2014) that the delinquency rate on loans repaid through payroll is less than 1% whereas through other repayment methods it is nearer 8%.

  • Becoming a Select Partner Employer is free
  • The set-up admin is minimal, and
  • We are committed to working with you to help raise employee awareness and participation.
  • Strengthens Corporate Social Responsibility and benefits the local community by reducing the negative impacts of financial exclusion, pay day lenders and other high cost credit providers.
  • Payroll deductions offer a simple, convenient route to saving.
  • If employees take out credit union loans, this is a convenient and simple method of repayment.
  • People who save regularly are better able to cope with any financial distress or unexpected cost.
  • For no financial outlay the employer provides a valued staff benefit which can help recruitment and retention of staff.
  • Offering membership to a credit union is a commitment to your employee’s financial future.
  • Credit unions promote personal financial stability.
  • Build employee loyalty by adding to your range of employee benefits.
  • Easy to administer payroll system.

Get in touch to find out more...

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