Press

SD Worx Staffing Solutions has acquired TMF Jobs, a recruitment and temporary employment agency focused on European cross-border workers.  With this transaction SD Worx Staffing Solutions reinforces its market position and expands its presence in the Netherlands. SD Worx Staffing Solutions is a division of SD Worx and focuses on the flexible labour market in Belgium and The Netherlands.

Ardian, a world-leading private investment house, and SD Worx, one of the main European HR and payroll solutions providers, have reached an agreement for the sale of F2A, the leading Italian HR and payroll solutions provider controlled by Ardian since February 2016. With this transaction, SD Worx will expand its offering and geographical footprint and accelerate its growth in the European HR and payroll solutions industry. The transaction is subject to customary regulatory approvals.

A large-scale international survey by European HR service provider SD Worx shows that almost six out of ten European employees log their working hours in a time registration system.  Although a third of employees perceive compulsory time registration as a source of stress and four out of ten see it as a sign of distrust on the part of the employer, half of European employees do see the benefits it offers. Just over half (53%) firmly believe it is a crucial tool for ensuring tasks are better organised and planned as well as a means to avoid overtime. 

SD Worx, the leading European HR and payroll solutions provider has appointed Sophie Henrion as the new Managing Director of SD Worx Luxembourg.

SD Worx, Europe's leading provider of HR solutions is pleased to announce the appointment of Bert De Vriendt to the role of Country Leader Italy, a position which he will combine with his existing global responsibilities as SD Worx's Director of International Sales.

SD Worx, the leading European HR and payroll solutions provider, has acquired the Polish HR tech startup TribePerk. This fast-growing HR tech start-up offers an integrated suite of HR cloud solutions including payroll, core HR and time & attendance to Polish SMEs. With this acquisition, SD Worx expands its go-to-market to Polish SMEs and strengthens its position on the Polish market, where it already serves mid-market businesses and where it is the local market leader in SAP & SuccessFactors solutions.

One in three European companies has already invested in artificial intelligence (AI) in the workplace. One in five employees is concerned about AI potentially taking over a large number of their tasks. These are the results of a recent large-scale European survey conducted by HR service provider SD Worx among more than 5,000 companies and 18,000 employees in 18 European countries. Although the role of AI is becoming increasingly important, European companies do not consider its use in HR operations to be one of their greatest challenges in 2024.

SD Worx, the leading European HR and payroll solutions provider, has successfully closed the acquisition of Romanian Software S.R.L., the market leader in Romania for payroll and Human Capital Management (HCM) solutions.

European HR services provider, SD Worx along with Protime, the leading name in European timekeeping and employee scheduling solutions, have renewed  their commitment as the main sponsors of Team SD Worx – Protime. Extending their partnership through 2028.

Ten per cent of European companies manage their payroll independently, relying on their own experts and software to do so. In contrast, 7% completely outsource the payroll process to an external party. Over 80% of European companies (83%) choose to partly outsource and partly manage their payroll administration internally with their own experts or software. This is according to a new large-scale survey by SD Worx, the leading European HR services provider, who polled over five thousand companies across 18 European countries. The survey also shows that 71% of employers are satisfied with the overall payroll processing within their company. However, organisations still struggle with several challenges, including speed and efficiency of payroll processing.

Protime, the Belgian market leader in time registration and employee scheduling, has acquired Sheepblue, AI-based software for workforce planning, developed by the similarly named start-up founded in 2018 and headquartered in Vienna (Austria). The software specialises in shift-based industries that require precise workforce planning capabilities, such as manufacturing or logistics.

SD Worx, the leading European HR solutions provider, achieved a consolidated revenue of EUR 1.058 billion last year, an increase of 10% compared to 2022 (EUR 962.1 million). The consolidated normalised EBITDA grew 32.8% from EUR 136.7 million in 2022 to EUR 181.6 million in 2023. The consolidated profit before taxes rose by EUR 6.2 million to EUR 88.1 million. The consolidated net profit decreased from EUR 81 million in 2022 to EUR 70.1 million in 2023. As a reminder: the consolidated net profit growth in 2022 was exceptional (increasing from EUR 46.8 million in 2021 to EUR 81 million in 2022), affected by the capital gain realised on the sale of the real estate portfolio of SD Worx Real Estate NV to WorxInvest.