Who is peers in an organization

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Develop and improve products. List of Partners vendors. The term peer group refers to a group of individuals or companies that share similar characteristics with one another. These characteristics may be age, education, ethnic background, size, industry , or sector. Peer groups are known for their influential nature as they are able to shape the decisions of members of the group.

As such, peer groups often contain hierarchies, with clear leaders who sit at the top. Peer groups are often used in analysis in a number of academic and professional fields.

As noted above, peer groups contain a number of people or other entities that share one or more similar characteristics. Peer groups are used in a number of different fields, such as finance and marketing , as well as sociology.

They are known for the influence they have among group members. They consist of hierarchies, which place one or a few individual group members at the top. These members can often shape the actions and decisions of the other group members. Peer group analysis or peer comparison involves an apples-to-apples comparison.

This means the constituents of the peer group should be more or less similar to one another. Comparisons allow professionals to identify trends and anomalies in behavior and outcomes, and give them an opportunity to figure out efficiencies and opportunities:.

If not immediately obvious, peer groups are sometimes identified by a given company in its K filing and almost always in its proxy filing , though the latter can be more expansive in terms of specific business sectors and is used to set executive compensation plans.

Insurance companies compile peer groups to underwrite life or health insurance policies on certain demographics, such as age-related groups or those who do or don't smoke.

Peer comparison is one of the most widely used and accepted methods of equity analysis used by professional analysts, individual investors, and professionals. Because companies in a peer group share similar traits, they lend themselves to relative value analysis. Peer group analysis establishes a valuation for stocks in investment research, as long as the group consists of companies similar to the one being researched.

This is especially key when it comes to business areas and market capitalization. Investors can use this analysis to spot valuation anomalies for certain stocks. For example, a stock trading at an earnings multiple of 15x compared with a 10x multiple for its peer group may be considered overvalued. Investors can uncover reasons for the higher earnings multiple and ultimately determine that it is deserved.

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Create an account to read 2 more. Emotional intelligence. Three types of peer coworker relationships were examined, including 1 information peer relationships, acquaintances characterized by low levels of intimate communication, 2 collegial peer relationships, combinations of a friend and an acquaintance characterized by moderate levels of intimate communication, and 3 special peer relationships, best friends at work characterized by high levels of intimate communication.

The researchers conducted a survey of full-time employees drawn from a number of organizations. The data revealed two key findings: 1 the expression of lateral dissent was influenced by the quality of peer coworker relationships and 2 the messages that employees utilized to express dissent to their coworkers were unaffected by the quality of their relationships.

Overall, employees with special and collegial peer relationships engaged in higher levels of lateral dissent than employees with information peer relationships. The results of this study support the notion that peer coworkers serve therapeutic, supportive, and informational purposes.