People management is crucial for an oraganization by the fact that it plays a major role in a company's prospeity and success. Employees are not just resources but the lifeblood of an organization, the most vital asset of any business. An effective human resources management leads to higher levels of employee engagement and satisfaction. Such as Google which offers numerous benefits to its employees in order to encourage them.
The key component: Recognition and rewards - Communication (Feedback) - Training and Development - Leading and Controlling