Press

SD Worx provides its employees with increased flexibility and trust in managing their work-life balance. Starting from this Summer, the leading European HR solutions provider is introducing so-called “workation” opportunities across the entire organisation.

SD Worx, the leading European HR and Payroll solutions provider, is delighted to welcome CVC Strategic Opportunities II as a new partner and minority shareholder. WorxInvest, the current shareholder of SD Worx, remains the majority shareholder and will keep 77.5 % of SD Worx. The additional capital generated by the transaction will be invested to accelerate the execution of SD Worx' European growth plans.

One in three European employees may still request leave on the day itself. Eight in ten employees (79%) may already check and request their leave days digitally. This is great news, as flexibility in terms of leave arrangements and a healthy work-life balance are important for European employees. More than three quarters (78%) consider leave and flexible working hours to be important benefits in their salary package. What is also striking is that employees and employers have roughly the same opinion about the possibility of taking  an unlimited number of leave days. This is revealed in SD Worx’s new study among 4,833 employers and 16,011 employees in 16 European countries. 

Digitalisation is a priority at many companies, with two-thirds endorsing it as a general goal. Digitalising HR fits in well with that, and six out of ten companies are investing in this area. All top three of HR tech investments are dedicated to employee-oriented HR applications. These facts were revealed by a new study of 4,833 employers and 16,011 employees in sixteen European countries, commissioned by European payroll and HR services provider SD Worx.

SD Worx, the leading European HR solutions provider, has published an extended Environmental, Social and Governance (ESG) Report. The ESG report has dedicated sections on the ESG strategy, ambitions, and governance. It presents a materiality analysis and indicates how SD Worx creates social impact and supports its customers to manage their ESG initiatives.

Around half (46%) of European employees do not regard communicating openly and transparently about the content of their pay package as a problem. A quarter prefer to keep this to themselves and 30% do not really have an opinion on it. Croatians are the most candid (59%) about their pay slips and Danes the most reluctant (38%). This is shown by international research into remuneration by SD Worx, the leading European HR and Payroll Provider, covering 16,000 employees in sixteen countries.European companies will soon be subject to new legislation, which will involve employers offering more openness about pay packages, thus making it easier for employees to compare salaries – and also revealing any pay gap.

SD Worx, the leading European HR solutions provider, achieved a consolidated revenue of EUR 962.1 million in 2022, which is an increase of +12.1% compared to 2021 (EUR 858.1 million). The normalised EBITDA grew to EUR 136.7 million, or 18.3% more compared to 2021 (EUR 115.6 million). The net profit climbed to EUR 81 million, an increase of 73.1% compared to 2021 (EUR 46.8 million).

Companies can use data analysis to deploy their staff smartly, efficiently and productively, while taking planning, available capacity and skills, and occupational goals into account.

How will organisations deal with turbulent times in 2023? SD Worx, the leading European HR solutions provider, outlines the most important evolutions and trends for the new year. Flexibility, digital acceleration, investments in smart HR Tech, the financial well-being of employees, and their talent management are central. Everything starts with a crucial mindset shift: turning change into opportunity.

According to a study by SD Worx, the leading European HR and payroll provider, more than half of European companies have increased their focus on the digitalisation of all HR processes. The non-profit sector, in particular healthcare, is gaining ground in this area, coming in at 57%. Among younger employees under the age of 35, 54% feel that digitalisation on the workfloor needs improvement. Although digitalisation and hybrid working are on the rise, the human aspect remains important within certain HR domains such as onboarding, recruitment or departure interviews. SD Worx ran a survey across 4,371 employers and 10,119 employees.

The leading European HR solutions provider SD Worx has acquired Integrho, a supplier of payroll software for the local Spanish market, headquartered in Barcelona. With this acquisition, SD Worx further strengthens its business in Spain, where it sees a lot of growth potential.