MINNEAPOLIS (September 8, 2023) - Great Clips is pleased to announce a new vendor partnership with Palolo to offer comprehensive employee financial wellness benefits to all franchisees nationwide. 

As the leading platform for full-service financial benefits, Palolo’s wide range of offerings aim to meet employees at every stage of their financial journey, from daily access to earned wages and safe borrowing options to smart saving tools, education resources, and more.

By partnering with franchise owners, Palolo streamlines the effort of providing financial support for employers, while giving employees access to vital resources with no fees or interest. “When Palolo told us they were looking to provide business-sponsored lending solutions, it was a no-brainer for us,” said Robertson Massie, Franchise Owner and Minneapolis Co-op President. “It was exactly what we needed. Our employees see it as an extension of us as business owners, a way for us to provide them with more financial stability.”

“Most of our employees live paycheck to paycheck, so any additional financial support we can provide—financial perks as well as education—is a positive for our salon teams,” added Austin, TX-based Franchise Owner Brad Melnick. 

Melnick originally began using Palolo to provide employees with interest-free borrowing options when they needed a helping hand. Since rolling out the Palolo app, he’s also seen his staff use Palolo’s Pay Access benefit to cover unexpected expenses between paydays, and its Saving perk to start building emergency savings from their paycheck. “The adoption rate is higher than what I anticipated,” Melnick said, “which indicates our employees see value in these offerings.” 

Great Clips franchises using Palolo have witnessed an increase in employee trust and retention, and a decrease in the amount of time spent managing advances, deduction sheets, and financial questions. In addition, Massie has seen a boost in recruitment and onboarding efforts since highlighting his company bonuses and handbook benefits in Palolo. “It’s just so much easier for our employees to see these main hitting incentives in the Palolo app versus a 50-page policy procedure manual. If we’re trying to sell someone to join our team, that’s a great way to do it.”

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About Great Clips, Inc.

Great Clips, Inc. was established in 1982 in Minneapolis. Today, Great Clips has 4,000 salons throughout the United States and Canada, making it the world’s largest salon brand. Great Clips is 100 percent franchised, and salons are owned locally by more than 1,200 franchisees across North America. Great Clips franchisees employ nearly 40,000 stylists who receive ongoing training to learn the Great Clips customer care system and advanced technical skills. As a walk-in salon, Great Clips provides value-priced, high-quality haircare for men, women and children. No appointments are needed, and salons are open nights and weekends. Getting a great haircut is more convenient than ever with Great Clips’ Online Check-In and Clip Notes®. To check-in online, visit GreatClips.com or download the app for Android and iPhone. For more information about Great Clips, Inc. or to find a location near you, visit GreatClips.com. 

About Palolo

Palolo, the leading platform for comprehensive financial wellness benefits, was founded by leaders in the financial technology industry who care about creating a better future for the lives of American workers. Palolo works with business owners across a variety of industries, including retail, healthcare, food service, construction, and tourism.