Organizations need people management because it leads to greater productivity, talent acquisition and retention, innovation, employee satisfaction, and a positive company culture. Leadership, talent acquisition and development, performance management, communication, diversity and inclusion, work-life balance, salary and benefits, and employee engagement are critical components for being effective in people management.
A good example would be Google, known for its successful people management techniques, such as benefits, continuous learning, and employee empowerment, which lead to the company's innovative and employee-friendly reputation.