MAM
IPG Q2 net down 2.65%
MUMBAI: Global media communications group Inter Public Group (IPG) has reported a 2.65 per cent fall in its net income in the second quarter ended 30 June 2012.
IPG‘s net income during the second quarter was $99 million against $101.7 million a year earlier.
Its revenue in the second quarter too were down by a marginal 1.15 per cent. Its revenue in the quarter were $1.72 billion against $1.74 billion a year earlier.
Its organic revenue grew by just 0.8 per cent compared to a year earlier, weighed down by account losses in the US. While the group‘s organic revenue increased by six per cent internationally, it decreased by 3.2 per cent in the US.
For the first half of 2012, IPG‘s revenue was flat at $3.22 billion compared with $3.21 a year earlier. IPC‘s organic revenue increased by 1.7 per cent in the first six months compared to a year earlier. IPG‘s net income for the first six months of 2012 was $53.1 million as against $53.6 million a year earlier.
IPG chairman and CEO Michael Roth said, “Our organic revenue growth, which was 0.8% in the second quarter and 1.7% in the first half, reflects strength in high-growth international markets, digital and marketing services, as well as revenue headwinds that we‘d previously indentified.”
The global economic situation remains uncertain, which will require vigilance as we move through the balance of the year, Roth said. “We are nonetheless targeting stronger growth in the second half, in order to achieve our full year 2012 objective of 3 per cent organic revenue growth.”
MAM
Yes Madam introduces 0 per cent commission for pregnant service partners
Home salon platform supports over 7,500 beauty professionals with new welfare policy.
MUMBAI: When life gives you a bump, Yes Madam has decided the last thing a woman needs is a cut in her earnings. Yes Madam, one of India’s fastest-growing home salon and wellness platforms, has announced a 0 per cent commission policy for its pregnant service partners. The move aims to provide greater financial stability and flexibility to its network of over 7,500 trained beauty professionals during this important life stage.
Under the new initiative, pregnant partners will retain their full earnings with no commission deductions, allowing them to focus on their well-being while maintaining income continuity. The decision was prompted by a customer’s social media video that highlighted the experience of a pregnant service professional continuing to work. The customer suggested reducing commission and shortening travel distances for such partners.
Responding to the feedback, Yes Madam co-founder Mayank Arya acknowledged the concern and confirmed that hub restructuring to optimise travel is already underway in phases. He also announced the 0 per cent commission policy for pregnant partners and encouraged them to prioritise rest.
Yes Madam co-founder and CEO Aditya Arya, said the policy reflects the company’s commitment to open communication. “Our partners know they can reach out to us directly, and it’s this personal access that helps us build policies that truly matter,” he noted. “Introducing 0 per cent commission for pregnant professionals is a direct result of listening to their needs.”
Mayank Arya added that the platform has a responsibility to support partners at every stage. “This step is a small but important move in that direction. We actively encourage our service partners to prioritise their well-being and take adequate rest during this time.”
Yes Madam had previously introduced a 0 per cent commission model for its top-performing “Queen Partners.” Extending this benefit to pregnant professionals marks another step in strengthening partner welfare and building a more supportive ecosystem.
In an industry where beauty professionals often go the extra mile, Yes Madam is showing that genuine care should flow both ways especially when one of their own is expecting.
