Modern organizations are
fast changing from being
contemporary to that of being versatile. The versatility
of an organization is no more related to its machinery, number of
plants, and other physical infrastructure, but is related to its human
capital. In the knowledge era, where practices formulated by the
knowledge-based companies are being aped by even the manufacturing
players pointing towards the fact that human element or intellectual
capital plays the decisive role in making or breaking an
organization. However, the multicultural
organization today also invites a lot of misunderstandings, strained
relationships and therefore it is pertinent to every employee to know
the nuances of peer analysis, process to conduct the same and
incorporate the findings in all professional endeavors. Peer analysis may be a
part of the human resource management practices adopted by
companies. However, in the light of organizations
having knowledge workers it becomes important for
every member to conduct peer analysis, which in turn culminates in
employee harmony and smooth relationships.
Banks today have been advised to note the details of each and
every customer, formally called Know Your Customer (KYC) by regulatory
bodies like the Reserve Bank of India, which would resolve many of
the complications which might arise subsequently. Competition in
the banking sector has increased manifold and, therefore, the need
to source, collate and disseminate information so as to avoid wrong
practices is the need of the hour. Similarly, most of the employers
notably from the organized sectors are growing exponentially which might
result in a cultured environment which might have negative
fallout on all the stakeholders, viz., employees, employers, shareholders,
customers. Prima facie it might appear that the aftereffects are going
to have a direct impact only on the direct stakeholders, but a
deep thought and minute observation would reveal that the
consequences might be disastrous. Here we focus on only one aspect of
understanding the immediate fallout on the employees, which if unnoticed
and unaddressed is going to impact each and every stakeholder. As an
employee, it is, therefore, important to Know Your Peers (KYP)
which might put in place the right radars to identify the wrong signals
emanating from wrong points. The process of arresting the wrong
practices would stop there itself, if right action is not taken at the right
point of time, by the right person. |
