The occupation-based component includes 95 science, technology, engineering, and mathematics (STEM) occupations as classified by the federal Standard Occupation Classification system.
Callahan's favorite group now is consumer discretionary, the standard portmanteau industry classification that includes retailers, automakers and advertising companies.
Right now hospital coders use a standard called the International Statistical Classification of Diseases and Related Health Problems to classify patients and get reimbursed properly for their care.
This step moves us closer to meeting the recent Jobs Council recommendation to enable regulations to be searched by North American Industry Classification System (NAICS) codes, (NAICS is a standard used by Federal agencies in classifying industry).