SIC vs. NAICS Fall 2009
Your Subject Librarian in Troy Colette Holmes, Management Librarian Voice Mail: Office: Folsom Library, 3 rd floor North (341A) Mon - Fri, 8:30 AM – 3:00 PM Best to call ahead for an appointment.
What are SICs & NAICS? Numeric codes describing industries SIC (Standard Industrial Classification) code NAICS (North American Industrial Classification System) Used by business and government information sources Will vary from source-to-source
Classify Companies by Industry Starbucks SIC 2095 (Roasted Coffee) NAICS (Coffee and Tea Manufacturing)
Used to Describe Industries Such as Roasted Coffee (2095/311920) Gathers industry information together Used is business and government resources Offers a way to search for information about a company or industry Not consistent across sources
Why Two Code Systems? SIC Introduced late 1930s Promoted uniform data collection Last revised late 1980s NAICS Introduced 1990s Addresses new industries More expansive/ more codes
NAICS Includes More Codes No one-to-one translation. Several “bridge” tables. U.S. Census Bureau Table: –
Web Pages to Bookmark Ask Dr. NAICS Ask Dr. NAICS NAICS (U.S. Census Bureau) NAICS Correspondence Tables (1997 NAICS & 1987 SIC) Correspondence Tables SIC (U.S. Dept. of Labor) SIC
SIC vs. NAICS Fall 2009 THE END