People management is an essential component of how a team works. It refers to training, encouraging, and guiding employees to maximize efficacy and promote professional growth. Effective people management is crucial since a poorly run workforce may have a detrimental impact on a company. A well-managed team on the other hand boosts company morale and increases productivity all while giving the company a competitive edge in the market. Key components of people management include empowering employees, active listening, conflict resolution, flexibility, patience, clear communication, trust, and organization.