僚 is built from the 亻 (person (left)) and 尞 (signal fire (in 僚·療)) components.
It belongs to a phonetic family with 療, 寮, 遼, and 瞭 — they share the 尞 component and the reading リョウ.
A common word using 僚 is 同僚 (どうりょう), meaning “colleague; co-worker”.
Kanji that look similar include 像, 僕, 閥, and 傑.