What is an industry group?
An industry group is an organization made up of credit professionals from businesses which operate in the same industry and/or provide the same, or similar, products or services to common customers. WHAT IS THE PURPOSE OF AN INDUSTRY GROUP? • To assist the credit executive in making sound decisions with respect to the extension of credit based on current and accurate information. • To also provide and opportunity in interact with their peers in and open forum to discuss common customers. • Identify new ways to effectively manage high-risk accounts and share the latest information in credit technology. WHAT ARE THE BENEFITS OF AN INDUSTRY GROUP? • Access to the most up-to-date trade information available and most recent paying practices of customers. • Monthly Book of Reports provided to each member in a format conducive for filing and future referencing. It can contain from 50-100 separate trade reports for a low monthly fee of less then the cost of an average credit report. • Monthly
An industry group is made up of one or more classification units that have similar industrial activities and a reasonable expectation of similar cost rates. It can be one or a group of industries that together have 200 or more non-health care claims over five years with at least 25 non-health care only claims in each of the last two years. An industry group exists to let WorkSafeBC calculate the historical cost rate of a relatively discrete group of industries. If large enough to be viable, an industry group will form its own rate group. Otherwise, industry groups are combined to form a rate group.
Industries are grouped under the coding structure supplied by the North American Industrial Classification System (NAICS). (See http://www.census.gov/eos/www/naics/) Searching by a particular industry will result in a listing of companies coded in that particular industry. For example, you can get a listing of all companies which manufacture glass, all hospitals, or all food stores. Why should I search for companies using a particular occupation? Because the Utah Department of Workforce Services surveys companies for occupational information, we can provide you with the industriesand firmsmost likely to employ a particular occupation. If you are looking for work in a particular occupation, youll be able to obtain a listing of companies in industries which typically employ that occupation. Why should I search for a particular company? You can obtain a listing of firms in the same industry by searching for that company and then selecting the NAICS code (North American Classification Syst
An industry group is made up of one or more classification units that have similar industrial activities and a reasonable expectation of similar cost rates. It can be one or a group of industries that together have 200 or more non-health care claims over five years with at least 25 non-health care only claims in each of the last two years. An industry group exists to let WorkSafeBC calculate the historical cost rate of a relatively discrete group of industries. If large enough to be viable, an industry group may form its own rate group. Otherwise, industry groups are combined to form a rate group.
