Press

SD Worx, the leading European HR and payroll solutions provider, has acquired the Polish HR tech startup TribePerk. This fast-growing HR tech start-up offers an integrated suite of HR cloud solutions including payroll, core HR and time & attendance to Polish SMEs. With this acquisition, SD Worx expands its go-to-market to Polish SMEs and strengthens its position on the Polish market, where it already serves mid-market businesses and where it is the local market leader in SAP & SuccessFactors solutions.

One in three European companies has already invested in artificial intelligence (AI) in the workplace. One in five employees is concerned about AI potentially taking over a large number of their tasks. These are the results of a recent large-scale European survey conducted by HR service provider SD Worx among more than 5,000 companies and 18,000 employees in 18 European countries. Although the role of AI is becoming increasingly important, European companies do not consider its use in HR operations to be one of their greatest challenges in 2024.

SD Worx, the leading European HR and payroll solutions provider, has successfully closed the acquisition of Romanian Software S.R.L., the market leader in Romania for payroll and Human Capital Management (HCM) solutions.

European HR services provider, SD Worx along with Protime, the leading name in European timekeeping and employee scheduling solutions, have renewed  their commitment as the main sponsors of Team SD Worx – Protime. Extending their partnership through 2028.

Ten per cent of European companies manage their payroll independently, relying on their own experts and software to do so. In contrast, 7% completely outsource the payroll process to an external party. Over 80% of European companies (83%) choose to partly outsource and partly manage their payroll administration internally with their own experts or software. This is according to a new large-scale survey by SD Worx, the leading European HR services provider, who polled over five thousand companies across 18 European countries. The survey also shows that 71% of employers are satisfied with the overall payroll processing within their company. However, organisations still struggle with several challenges, including speed and efficiency of payroll processing.

Protime, the Belgian market leader in time registration and employee scheduling, has acquired Sheepblue, AI-based software for workforce planning, developed by the similarly named start-up founded in 2018 and headquartered in Vienna (Austria). The software specialises in shift-based industries that require precise workforce planning capabilities, such as manufacturing or logistics.

SD Worx, the leading European HR solutions provider, achieved a consolidated revenue of EUR 1.058 billion last year, an increase of 10% compared to 2022 (EUR 962.1 million). The consolidated normalised EBITDA grew 32.8% from EUR 136.7 million in 2022 to EUR 181.6 million in 2023. The consolidated profit before taxes rose by EUR 6.2 million to EUR 88.1 million. The consolidated net profit decreased from EUR 81 million in 2022 to EUR 70.1 million in 2023. As a reminder: the consolidated net profit growth in 2022 was exceptional (increasing from EUR 46.8 million in 2021 to EUR 81 million in 2022), affected by the capital gain realised on the sale of the real estate portfolio of SD Worx Real Estate NV to WorxInvest.

SD Worx, the leading European HR solutions provider, has appointed Teresa Olszewska as Managing Director for its SAP Solutions business. Teresa Olszewska will report into Tom Saeys, Chief Operating Officer at SD Worx. 

SD Worx, the leading European HR and payroll solutions provider, has acquired Romanian Software S.R.L., the market leader in Romania for payroll and Human Capital Management (HCM) solutions. With the acquisition SD Worx strengthens its position in Central and Eastern Europe and expands its offering of own payroll technology to its domestic and international customers. Romanian Software S.R.L. gains access to SD Worx’s complete payroll and HR software and services and to its expanding presence across Europe.

The diversified investment company WorxInvest and the Flemish Participation Company VPM announce today an agreement where WorxInvest acquires all of VPM’s remaining 27.81% stake in Gimv NV (Gimv), the Euronext Brussels listed European investment company. WorxInvest is the parent company of the leading European HR solutions provider SD Worx. The transaction is subject to customary regulatory approvals.

Over two thirds (66.8%) of European employers are aware of their long-term talent needs yet  However, they tend to search for that talent externally, even though sometimes the solution is right there within the organisation's own walls. Nevertheless, only slightly over a quarter (27%)  choose to train internal employees so that they can fill vacant positions. 34% don't really have a preference. Four in ten employers prefer to fill job vacancies with external talent. Of course, there is nothing wrong with that as such: the fresh ideas and perspectives newcomers bring are often very useful. However, companies that do not allow employees to advance sometimes miss opportunities to leverage all their in-house potential in the war for talent.  These are some of the conclusions drawn from a survey conducted by the leading European HR service provider SD Worx among more than 16,000 employees and almost 5,000 HR managers in sixteen European countries.