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, 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. NAICSNAICS (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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