Enterprises dealing with customers depend heavily on their people to enable them to be successful. The objective of achieving strategic change and a sustainable return to growth depends on attracting, retaining and developing the right people. Organisations are increasingly recognising the importance of helping their people in realising their potential.
At the same time, organisations need to reduce costs and improve profitability. In this process they have to fight with the challenges related to Human Resources (HR), along with other front and back office functions, in day to day as well as in long term duration. Only reporting and managing parameters leading to deficiency is not sufficient. Now it is highly essential for HR managers to help people in understanding the wider spectrum of risks, impact of macro-economic changes, and relationships involved to balance the work with life.
In this context, present research was conducted considering the fact that, 'people management is not just about traditional human resources practices such as recruitment, appraisal and training, but, it is important to take account of the whole person and address the satisfaction of all employees across a range of areas'. This research, concentrates on deducing solution to the problem of how to demonstrate a cause-and-effect relationship between the management of people and the performance of the organisation.
The data was collected from respondents working in selected organisations located at Sangli District of Maharashtra. The respondent organisations under study represent manufacturing as well as service sector. The study was focused on innovative strategies in terms of capabilities towards people management practices currently applied by organizations. The survey outcome was suitably tested to deduce the conclusion.