The people management refers to the process of managing and developing employees within an organization.It includes formal, procedural duties such as hiring, training, evaluating, and disciplining employees.Effective people management can lead to improved employee engagement, retention, productivity, and overall organizational success.It is why people management is important for an organisation.
The Components of People Management areCreate, Comprehend, Communicate, Collaborate, and Confront.It is the framework for a successful approach to people management.By employing this approach effectively a manager will not only deliver the project goals they are tasked with, but in doing so he/she will be creating more rounded, effective individuals, developing a flexible and motivated team and cementing their own reputation as a manager not only of projects, but of people.
The World Economic Forum’s Human Capital Report 2015 says “Talent, not capital, will be the key factor linking innovation, competitiveness, and growth in the 21st century.”I quite agree with his point of view.