People Management | Written By Dr Emmanuel Eni Amadi PhD, MBA, MSc, PGDip, B.Pharm.
“People Management is not really about “managing people”, it’s about managing resources” - Dr Emmanuel Eni Amadi PhD, MBA, MSc, PGDip, BPharm.
People management plays a significant role in driving financial performance and employee retention in the United Kingdom. Effective people management practices can lead to increased productivity, decreased turnover rates, and improved employee morale. In this article, Dr Emmanuel Eni Amadi will explore the relationship between people management, financial performance, and employee retention in the UK, and provide examples of UK leaders and managers who have succeeded in managing and leading their teams during difficult times.
One of the primary ways in which people management improves financial performance is by increasing productivity. By providing employees with the necessary resources, support, and feedback, organizations can foster a positive and productive work environment. For example, Innocent Drinks, a UK-based smoothie company, has been recognized for its people management practices. The company offers its employees various benefits such as flexible work hours, team-building activities, and an open-door policy to encourage employee engagement, leading to increased productivity.
Employee retention is another essential aspect of people management that plays a role in driving financial performance. High turnover rates can result in lost productivity, increased costs due to recruitment and training, and a negative impact on employee morale. Organizations that prioritize employee retention and invest in people management practices are better able to retain top talent. An example of a UK leader who has successfully managed and led his team while prioritizing people management is Richard Branson, the founder of Virgin Group. Branson believes in empowering his employees and providing them with the necessary resources and support to achieve their goals, resulting in high employee retention rates and financial success.
During difficult times, effective people management practices become even more critical in driving financial performance and retaining employees. An example of a UK leader who has successfully managed and led his team during tough times is Alan Sugar, the founder of Amstrad. Sugar has a reputation for being a tough boss, but he has also been praised for his ability to motivate his team during challenging times. He is known for providing clear goals, setting high expectations, and offering constructive feedback to help his team succeed.
In conclusion, people management is a crucial aspect of driving financial performance while retaining employees in the United Kingdom. UK leaders and managers who prioritize people management practices can create a positive and productive work environment, leading to increased productivity, decreased turnover rates, and improved employee morale. Examples of UK leaders who have successfully managed and led their teams using people management practices include Richard Branson and Alan Sugar. Investing in people management practices is a sound business strategy that can lead to financial success and a happier, more productive workforce.
Dr Emmanuel Amadi holds a doctorate degree in Medical Sciences and specialises in Lung Cancer Genomics, Cancer pathology, Molecular mechanisms, Nanotoxicology of nanoparticles in drug delivery, COPD, asthma, and lung cancer. He’s the Founder of Amadi Global Leadership Academy | Executive Education, where he provides oversight for the development of future leaders.
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