Transcript SIC vs. NAICS Fall 2009 Your Subject Librarian in Troy • • • • Colette Holmes, Management Librarian E-Mail: [email protected] Voice Mail: 518-276-8331 Office: Folsom Library, 3rd floor North.

SIC vs. NAICS
Fall 2009
Your Subject Librarian in Troy
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•
•
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Colette Holmes, Management Librarian
E-Mail: [email protected]
Voice Mail: 518-276-8331
Office: Folsom Library, 3rd 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 311920
(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:
– http://www.census.gov/epcd/www/naicstab.htm
Web Pages to Bookmark
Ask Dr. NAICS
NAICS (U.S. Census Bureau)
Correspondence Tables (1997 NAICS & 1987 SIC)
SIC (U.S. Dept. of Labor)
SIC vs. NAICS
Fall 2009
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