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Working at Service Corporation International

Zippia score 4.4

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Service Corporation International overview

Industry
Funeral Home
Revenue
$4.2B
Headquarters
Houston, TX
Employees
19,468
Founded in
1962
Website
Organization type
Public
Service Corporation International (SCI) is North America's largest provider of funeral and cemetery services, with shares traded on the New York Stock Exchange under the symbol SCI. It was founded in 1962 by Robert L. Waltrip, a licensed funeral director who grew up in his family's funeral business and who still serves as chairman of the Company's board of directors. The Company's original business plan was based on efficiencies of scale specifically, reducing overhead costs by sharing resources such as embalming, accounting, transportation and personnel among three or four funeral homes in a business “cluster.” After proving the plan's effectiveness in Houston in the early 1960s, the founder and a small group of associates set out to apply this operating strategy through ownership of death care businesses in other markets. It was the beginning of a three-decade period of expansion that would create a North American network of nearly 1,400 funeral homes and cemeteries by the end of 1992. In 1993, the Company reached beyond North American shores and acquired major deathcare companies in Australia, the United Kingdom and France, plus smaller holdings in other European countries and South America. At the end of 1999, the Company's global network numbered more than 4,500 funeral service locations, cemeteries and crematories in 20 countries. As SCI grew its offshore presence, it continued to acquire businesses in North America-a marketplace that, by the late 1990s, had become extremely competitive among companies seeking to buy death care businesses. Purchase prices became inflated, corporate debt levels grew, access to financial markets disappeared and it became apparent to all players that the dynamics of the business expansion model had changed. Facing these facts, SCI realigned its priorities and, over the next few years, implemented numerous initiatives to reduce overhead, pay down debt and increase cash flow. In the process, the Company reassessed the value of its global expansion. While foreign operations had once shown promise, it was clear that nearly 70 percent of SCI's revenues were generated by operations in the United States and Canada. Beginning in 2000, SCI went through a period of change during which it divested most of its offshore businesses and many North American funeral homes and cemeteries that were either underperforming or did not fit SCI's long-term strategy. As it refined its network and introduced name brand funeral services in the early years of the new century, the Company also made significant improvements to its financial condition and infrastructure. Between 2002 and 2006, SCI reduced its net debt (total debt minus cash) by more than $1 billion, increased operating cash flow and simplified its field management organization to enhance efficiency, performance and accountability. It also improved business and sales processes, tightened internal controls, strengthened corporate governance standards and established the finest training and development system in its industry. For its shareholders, SCI returned value through more than $335 million in share repurchases, and it resumed payment of a regular quarterly dividend in early 2005, the first since 1999. By the beginning of 2006, SCI was a noticeably different organization than that of five years earlier. The Company was operating at a profit, with robust cash flows and resources and the most efficient infrastructure in its history. It was from this new position of strength that SCI took a giant step toward future success by acquiring its biggest competitor, Alderwoods Group, in November 2006. The addition of more than 600 funeral homes and cemeteries in the Alderwoods network provided an expanded geographic footprint that enables SCI to serve families in 44 states, the District of Columbia and eight Canadian provinces. In early 2010, SCI acquired another large competitor, Keystone North America. As SCI looks to the future, the acquisition of 70 percent of the outstanding shares of The Neptune Society, Inc. in 2011 brought with it the resources of the nation's largest direct cremation organization. In late 2013, SCI completed the acquisition of Stewart Enterprises, Inc., growing the company's footprint to more than 2,000 funeral homes and cemeteries in 45 states, eight Canadian provinces, the District of Columbia and Puerto Rico.
The staff at Service Corporation International come from unusually diverse demographic backgrounds. The company is 46.4% female and 42.7% ethnic minorities. Service Corporation International employees are slightly more likely to be members of the Democratic Party than the Republican Party, with 63.0% of employees identifying as members of the Democratic Party. Despite their political differences, employees at Service Corporation International seem to be happy. The company has great employee retention with staff members usually staying for 5.0 years.The average employee at Service Corporation International makes $44,732 per year. Pay at Service Corporation International is significantly lower than some of its highest paying competitors, like Sempra Energy, Janus Henderson U.S., and U.S. Securities and Exchange Commission, which pay $88,283, $85,842, and $81,261, respectively.
Service Corporation International is an industry leader with 19,468 employees and an annual revenue of $4.2B that is headquartered in Houston, TX.

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3.3/5

Service Corporation International employee reviews

Based on 3 ratings

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Service Corporation International employee reviews

Service Corporation International employee reviews
3.3/5

Based on 3 ratings

Work at Service Corporation International? Share your experience.
Employee reviews
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4.0
A zippia user wrote a review on Sep 2023
Pros of working at Service Corporation International

Helping people and making a difference during their experience. The event coordination, the opportunity to be creative.

Cons of working at Service Corporation International

Understaffed, unsustainable work life balance due to long hours. Poor management, underpaid for the level of work.

Service Corporation International benefits

Somewhat good medical benefits, 401k and great discounts on personal/family funeral/cemetery services.

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profile
3.0
A zippia user wrote a review on Oct 2021
Pros of working at Service Corporation International

Event planning, resource source, working on projects, problem solver

Cons of working at Service Corporation International

Communication, no advancement

Service Corporation International benefits

Education reimbursement

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profile
3.0
A zippia user wrote a review on Jun 2021
Pros of working at Service Corporation International

The busy schedule and the steady pace.

Cons of working at Service Corporation International

Having to be on call for 8 days straight.

Service Corporation International benefits

Insurrance was a major perk for myself

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The team at Service Corporation International

  • The founders of Service Corporation International is Robert L. Waltrip.
  • The key people at Service Corporation International are Thomas L. Ryan and Robert L. Waltrip.
Key people
Thomas L. Ryan
Robert L. Waltrip

Service Corporation International rankings

Service Corporation International is ranked #28 on the Best Hospitality companies to work for in Texas list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Service Corporation International salaries

Average Service Corporation International salary
$44,732
yearly
$21.51 hourly
Updated March 14, 2024

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Service Corporation International diversity

9.7
Diversity score
We calculated Service Corporation International’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Service Corporation International’s workforce.
Service Corporation International diversity summary. Zippia estimates Service Corporation International's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Service Corporation International's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Service Corporation International's workforce.
  • Service Corporation International has 19,468 employees.
  • 46% of Service Corporation International employees are women, while 54% are men.
  • The most common ethnicity at Service Corporation International is White (57%).
  • 19% of Service Corporation International employees are Hispanic or Latino.
  • 13% of Service Corporation International employees are Black or African American.
  • The average employee at Service Corporation International makes $44,732 per year.
  • Service Corporation International employees are most likely to be members of the democratic party.
  • Employees at Service Corporation International stay with the company for 5.0 years on average.

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Service Corporation International financial performance

9.8
Performance score

We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Service Corporation International currently has 4.1B in revenue. Service Corporation International's most recent quarter produced 1.0b (q2'2023).

Service Corporation International annual revenue

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$837M
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Highest paying Service Corporation International competitors

Compare Service Corporation International salaries to competitors, including Sempra Energy, Janus Henderson U.S., and U.S. Securities and Exchange Commission. Employees at Sempra Energy earn the highest average yearly salary of $88,283. The salaries at Janus Henderson U.S. average $85,842 per year, and the salaries at U.S. Securities and Exchange Commission come in at $81,261 per year.
RankCompanyAverage salaryJobs
1$88,2830
2$85,8420
3$81,2610
4$67,8870
5$61,4430
6$56,1530
7$51,0790
8$50,7560
9$50,1840
10$37,4610
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    Updated March 14, 2024

    Zippia gives an in-depth look into the details of Service Corporation International, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Service Corporation International. The employee data is based on information from people who have self-reported their past or current employments at Service Corporation International. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Service Corporation International. The data presented on this page does not represent the view of Service Corporation International and its employees or that of Zippia.

    Service Corporation International may also be known as or be related to Service Corp International and Service Corporation International.