People management encompasses the tasks of recruitment, management, and providing ongoing support and direction for the employees of an organization.
Also known as human resource management (HRM), people management functions include a wide range of responsibilities such as hiring, organization development, safety, benefits, wellness, performance management, compensation, communication, administration and training.
Effectively managing people in a work environment requires strong leadership skills, the capacity to interact with many different personality types and the ability to maintain fair and impartial judgment.
Additionally, people management also involves an understanding of employment law, of training and motivating employees and giving constructive feedback to help with business development and personal and professional growth.
One of the most important people management responsibilities falls in the area of training and development. A good manager of people makes sure employees have the correct education and training to perform their jobs admirably. As a continuous function, managers need to help employees grow in their vocations. This includes encouraging employees to accept greater levels of responsibility and—if the employee desires—advance within the company.
Another important part of people management is overseeing teamwork. An effective leader facilitates teamwork among departments as well as between individual employees. This often involves helping with dispute resolution when problems occur. More often, a leader must ensure team members are performing their respective job titles, remaining on deadline with their work and staying within set budget boundaries.
There are considerable benefits to a company for good people management. For one, it can contribute significantly to organizational performance.
A recent U.S. study shows that the cost of losing and replacing an average worker to be around $50,000 due to termination payments, advertising for new hires, recruitment, training, relocation and overall disruption to work flow. Companies that focus on treating their employees fairly and ethically, suffer lower levels of turnover than companies which treat their employees poorly.
There’s also an increasing body of evidence showing that people management contributes to value creation, which results in an advantage over competitors.
Also, employees who have a clear idea of what their organization wants are in a better position to achieve it. What this means is that constant communication and development of the right culture are crucial aspects of people management.
Want to know more about people management? Tonex offers People Management Training, a 3-day course that teaches participants to manage business operations, while leading people at the same time.
Besides People Management Training, Tonex offers nearly five dozen other courses in Business Skills.
Additionally, Tonex offers 120 different courses in a dozen categories in Leadership training.
For more information, questions, comments, contact us.