Press

Payroll outsourcing is on the rise all across Europe. That’s one of the main conclusions from a large-scale employer survey conducted by SD Worx, a leading European HR and payroll services provider. Today, a whopping 6 in 10 European companies contract or consider contracting an outsourcing partner to (partially) take care of their payroll. Belgium leads the way: only 27% of Belgian companies are prepared to completely manage their own payroll themselves. The fast-changing business environment and complex legislation lay at the root of this trend.

SD Worx has sold ASPEX to Trustteam, a Belgian IT partner for SMEs. Aspex has been helping clients migrate their systems to the cloud for over fifteen years. It is particularly specialised in the public cloud, to which more and more companies are turning in order to keep their ever-increasing amounts of data safe. ASPEX's core business has little to do with that of SD Worx and in Trustteam we have found a partner who can further expand the scale of ASPEX.

A European employer survey conducted by the leading European HR and payroll services provider SD Worx shows that HR digitalisation is primarily aimed at making HR’s life easier, but not so much that of employees. To illustrate: digital maturity has been mainly achieved for highly transactional processes, while management systems far outweigh more employee-focused tools such as self-service systems, employee experience platforms and digital assistants. Meanwhile, HR tech providers try to turn the tide to meet the employees’ cry for help.

A survey conducted by HR and payroll specialist SD Worx across companies in eight European countries shows that one in four companies have little or no insight into their HRM and personnel costs, while almost three in ten companies monitor staff efficiency very little or not at all. In other words, there is still quite a lot left to do to map out – and refine if needed – a large number of companies' human resources.

SD Worx, a leading European HR & payroll services provider, continues to grow and opens an office in Milan, Italy. This move strengthens the firm’s presence in Southern Europe, after announcing in early July that it will also provide payroll and HR services in Spain and Portugal.

SD Worx, the leading European HR & payroll services provider, achieved in the first half of 2021 a consolidated turnover of EUR 402.7 million (+ 11.1% compared to the first half of last year) and a normalised EBITDA of EUR 64.3 million (+ 16.5% compared to the first half of 2020). The positive results allow SD Worx to further invest in its growth ambition.

If employees over 55 could choose, they would prefer to retire at the age of 64. Employees under 35 would like to retire nine years earlier still at the age of 55. The preferred retirement age does vary from country to country. 

Leading analytics and consulting firm NelsonHall praises SD Worx for its workforce management tools and expertise. In a recent review, NelsonHall emphasised the special COVID-19 solutions SD Worx offers its clients. It also highlighted the digital progress of SD Worx' workforce management software, which inspired much positive feedback.

SD Worx, a leading European HR & Payroll services provider, is opening an office in Madrid to expand its activities across Europe. SD Worx will provide payroll and HR services to international organisations who are, amongst other locations, active in Spain and Portugal. Furthermore, SD Worx will start services to the domestic payroll market as well, aiming at local private and public organisations with 250+ employees. 

SD Worx, a leading European HR & Payroll services provider, has acquired launch!, a Dutch company providing SAP SuccessFactors-based implementation, maintenance and outsourcing services. With this acquisition, SD Worx strengthens its footprint in HR cloud & payroll market to better support the digital HR needs of enterprises across Europe.

Christophe Petit, who until now managed SD Worx Staffing & Career Solutions, will continue his career outside SD Worx. Christophe Petit laid the foundations to make SD Worx Staffing & Career Solutions a success story. 

Leading European HR and Payroll service provider SD Worx is establishing a strategic partnership with the Vlerick Business School to give an extra boost to digitalisation in the HR world. One of the initiatives to help achieve this is the development of a digital ecosystem for the world of work and beyond.