People management is critical to corporate success because it improves productivity, retention, and culture. For example, Google's emphasis on employee well-being increases productivity, whereas SAS Institute's work-life balance rules lower turnover.
Key Components:
1.Communication promotes alignment and trust.
2.Development and Training: Improves skills and satisfaction.
3.Recognition and Rewards: Increases morale and motivation.
Effective people management enables firms to maximize employee potential and achieve long-term growth.