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Tax system is the biggest payroll challenge
March 21 2023Six out of ten European companies identify the tax system as the biggest challenge in the payroll process. The updated Payroll Proficiency Index of European HR service provider SD Worx shows that several elements can either complicate or simplify the payroll process. The index shows how well European companies are handling their payroll processes based on six elements: legislation, technology, remuneration, in-house payroll expertise, staffing and external partners. Strikingly, only a third of European companies exclusively use cloud technology for their payroll, even though it does simplify the process.
SD Worx continues growth strategy and reports good results for 2022
February 27 2023SD 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).
Almost half of the employees choose a company based on working hours and flexible time arrangements
January 26 2023Companies can use data analysis to deploy their staff smartly, efficiently and productively, while taking planning, available capacity and skills, and occupational goals into account.