NAICS code 541 - Professional, Scientific, and Technical Services

Basic Industry Description for NAICS Code 541

Industries in the Professional, Scientific, and Technical Services subsector group establishments engaged in processes where human capital is the major input. These establishments make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client. The individual industries of this subsector are defined on the basis of the particular expertise and training of the services provider.

The distinguishing feature of the Professional, Scientific, and Technical Services subsector is the fact that most of the industries grouped in it have production processes that are almost wholly dependent on worker skills. In most of these industries, equipment and materials are not of major importance, unlike health care, for example, where "high tech" machines and materials are important collaborating inputs to labor skills in the production of health care. Thus, the establishments classified in this subsector sell expertise. Much of the expertise requires degrees, though not in every case.

Numbers of Companies in FINTEL Data	18947
Numbers of Small or Large Companies	4737
Small Companies - in Net Sales less than	$869,839
Large Companies - in Net Sales above	$7,506,389

Reliable Industry Metrics for
NAICS Code 541 - just $ 79

Sales to Working Capital Ratio = 6.26

Our Report Content

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