1). What is People Management
People Management is the process of hiring, leading, and developing team members to support the organization's overall mission. The key components of people management are Succession Planning, Employee Engagement, Performance Management and Employee Reactions.
2). Importance
Employee Satisfaction: When employees feel valued, supported and engaged. Satisfaction and morale increase, leading to higher levels of productivity and commitment.
Organizational Culture: Effective people management contributes to the development and maintenance of a positive organizational culture, fostering teamwork, collaboration, and a sense of purpose.
Optimizing Performance: Effective people management helps individuals perform at their best, contributing to the overall success of the organization.
Leadership Development: The organization's long-term success depends on cultivating leadership traits within it. The management of people involves the identification and cultivation of future leaders, the provision of leadership development, and the establishment of career advancement routes.