Presentation on theme: "NAICS in MOSES North American Industry Classification System New as of Build 11.0."— Presentation transcript:
NAICS in MOSES North American Industry Classification System New as of Build 11.0
SIC b SIC - Standard Industrial Classification Established in the 1930sEstablished in the 1930s Revised periodically, every 8-12 yearsRevised periodically, every 8-12 years Last revision 1987Last revision 1987
NAICS b NAICS - North American Industry Classification System US, Canada, Mexico share thisUS, Canada, Mexico share this Created in late 1990sCreated in late 1990s Revisions every 5 yearsRevisions every 5 years Last revision 2002Last revision 2002
What Are the Basic Differences? b SIC was based on the output of the employer, rather than the process. b NAICS groups establishments into industries by their primary process, rather than the output.
What Are the Basic Differences? b b 1987 SIC (1,005) 9 Major Divisions – –Letter 83 Major Groups – –1st 2 digits 420 Industry Groups – –1st 3 digits 1,005 Industries – –All 4 digits b NAICS (1,160) 24 Sectors –1st 2 digits 96 Sub-Sectors –1st 3 digits 311 Industry Groups –1st 4 digits 721 NAICS Industries –1st 5 digits 659 National Industry –All 6 digits
Selecting a New NAICS Code b Same method for selecting a SIC b Select the top group first b The the next group changes, based on the prior selection b Some codes use all 5 drop down lists (most use just the first 4)
Adding a New NAICS Industry Code b Websites By Design is a new company. b They design and operate web sites for companies that need a presence on the Internet.
Wrong SIC, No NAICS b Amazon Cleaners is local neighborhood dry cleaning business. The existing SIC was incorrectly coded in the agriculture area. The existing SIC was incorrectly coded in the agriculture area.
SIC to NAICS Mapping - NAICS Sector, NAICS Subsector
SIC to NAICS Mapping - NAICS Industry Group, NAICS Industry
Correcting a Converted NAICS b LPS Enterprises Inc. is a job placement agency that charges a fee to employers if they hire one of their clients. b They work mostly in placing professional and technical people.