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SIC vs. NAICS. Fall 2009. Your Subject Librarian in Troy. Colette Holmes, Management Librarian E-Mail: holmec@rpi.edu Voice Mail: 518-276-8331 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?.

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sic vs naics

SIC vs. NAICS

Fall 2009

your subject librarian in troy
Your Subject Librarian in Troy
  • Colette Holmes, Management Librarian
  • E-Mail: holmec@rpi.edu
  • 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
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
Classify Companies by Industry
  • Starbucks

SIC 2095

(Roasted Coffee)

NAICS 311920

(Coffee and Tea Manufacturing)

used to describe industries
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
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
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
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 naics9
SIC vs. NAICS

Fall 2009

THE END