Press

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.

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.