Press

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.

Half of companies do not have enough personnel to handle all their necessary tasks. These were the findings from a large-scale study carried out by SD Worx. As many as four out of ten European employers indicate they are having trouble attracting employees, nor do they expect this to improve any time soon. Furthermore, a third  also struggle to retain personnel. To compete in the war for talent, companies should provide regular training and educational opportunities in support of their personnel's continuous development.

SD Worx, the leading European HR and payroll solutions provider, has acquired Gavdi Poland, the market leader of SAP HR solutions in Poland, from the Danish Gavdi Group. Gavdi Poland, headquartered in Warsaw, provides SAP HCM (Human Capital Management), SAP SuccessFactors consultancy and application management services. The company has also own developed solutions that are compatible with SAP HR software and extend its capabilities. Through this acquisition SD Worx reinforces its SAP HR capabilities to help customers in the mid-market and enterprise segments with HR and payroll solutions. 

Three-quarters of companies operating internationally are firmly committed to digitalisation in the workplace. Even so, almost half of these companies still have a long way to go when it comes to integrating their different HR systems with each other. This may also explain why four out of ten employees in the companies surveyed struggle to keep track of all the applications available. These are the results of a study by the European HR service provider SD Worx of 4,833 employers and 16,011 employees across sixteen European countries. 

SD Worx, the leading European HR solutions provider, reports good results for the first half of the year. It achieved a consolidated revenue of EUR 524.6 million, which is 10.4% more than the first half of 2022 (EUR 475.3 million). The consolidated normalised EBITDA grew by a quarter (26.1%) from EUR 70.2 million in the first half of last year to EUR 88.5 million during the first six months of this year. The consolidated net result amounted to EUR 42.5 million.