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