SD Worx press room

Brussels, 25 May 2021 – 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. 

SD Worx, a leading European HR & Payroll services provider, has become the majority shareholder of Teal Partners. SD Worx has enjoyed a close collaboration with the Belgian software development provider Teal Partners since its inception, and the two companies have worked together on a number of innovative products and services. For the last two years, SD Worx has been a minority shareholder of Teal Partners. 

SD Worx, a leading European Payroll and HR services provider, has entered into a definitive agreement to acquire Aditro, a leading Cloud HR & Payroll software provider in Sweden, Finland and Norway. This transaction advances SD Worx’s ambition to become the reference payroll and HR services provider in Europe. By entering the Nordics, SD Worx strengthens its geographical footprint and position as leader in the European HR and payroll market.

One year after the coronavirus was first reported in Europe, HR and payroll specialist SD Worx looks at the damage in the business world. It asked employers in eight different countries about the impact on aspects, such as general operations, the financial results and employees' mood and well-being.

Thirty per cent of employees believe that employers do not provide enough opportunities for employees to continue to develop. Only slightly more than half (53.4%) indicate that they can decide for themselves which training courses they may/can attend. These are the results of research conducted by payroll and HR services provider SD Worx in Belgium, Germany, France, the Netherlands and the United Kingdom.

SD Worx, a leading European HR & payroll services provider, has appointed Patricia Molenaar as Senior Vice President for Mid-Market Large Enterprises, Public Sector and International Markets. Patricia Molenaar will join the Executive Committee and report directly to CEO Kobe Verdonck.

SD Worx, a leading European HR & payroll services provider, achieved a consolidated turnover of EUR 743.3 million (-3.2% compared to 2019) and a normalised EBITDA of EUR 77.3 million (+15.3% compared to 2019) in 2020. The normalised EBITDA includes investments in digital transformation for an amount of EUR 11.8 million.

European companies have different views on whether to outsource more or fewer HR projects in light of the coronavirus crisis. While roughly one in three say they are prepared to take on a greater share of their HR tasks internally, more than a quarter (27%) want to do the opposite and call on an external partner more often. This is the striking split that has come to light thanks to a European survey conducted by HR and payroll specialist SD Worx.

Antwerp, 1 February – SD Worx, a leading European HR & payroll services provider, has opened an operations center in Katowice (Poland). The geographic expansion to Central Europe underpins SD Worx’s international growth strategy and supports the global expansion of its customers with payroll and HR services.

Within the context of work management, European employees attach the most importance to their salary package, although they find it difficult to discuss this with their employer. Job content and recognition follow in second and third place in terms of importance. This is what a European survey by HR and Payroll Specialist SD Worx shows.

Team SD Worx has travelled to Denia, Spain, for their first ten-day training camp as part of their preparations for the 2021 season.

SD Worx, a leading European HR & payroll services provider, has signed a partnership with ADAM Human Capital Management, the payroll and human talent management software leader in Mexico, Central America, South America, and the Caribbean. Thanks to this new partnership, SD Worx can now provide enhanced global solutions to its more than 70,000 customers around the world.