People management is very impactful for productivity, morale and the target of the organization. For eg., a company where effective people management ensures that employees are well trained, motivated and engaged. This leads to better customer service, higher sales, and increased customer satisfaction. On the another side, a poor people management can results in high turnover, low employee morale and ultimately decreased profit. the major key components for effective people management are Clear communication, Employee Development, recognition and rewards, work and personal life balance.