People management is crucial for the success of any organization because it directly impacts its success and grow. Effective people management practices can create a positive work environment and enhance teamwork, leading to increased innovation and profitability.
for example :
-Google is renowned for their focus on employee satisfaction, They offer perks like free food and recreational facilities .Key Component: positive work culture ,and offering competitive compensation and benefits.
-Microsoft has a strong focus on offering health and wellness program for employees .Key Components: P mental health support, and promoting a healthy work-life balance.