SD Worx press room

SD Worx, the leading European HR and payroll services provider, achieved a consolidated turnover in 2021 of EUR 858.1 million (+15.4% compared to the EUR 743.5 million in 2020) and a normalised EBITDA of EUR 115.6 million, an increase of 20.0% compared to 2020 (EUR 96.3 million). The net result amounts to EUR 46.8 million.

One colleague in ten indicated that they are actively looking for another job at present. The scarcity in the labour market seems to be encouraging employees to look beyond their current company. Research conducted by the European HR and payroll specialist SD Worx showed that half of the employees surveyed are open to a job with another employer. 29% see this as a longer-term situation, while 20% would like to try it out temporarily, such as through exchanging employees between companies. Companies that want to keep their employees on board are best advised to make an effort in terms of pay policy and work environment. After all, these factors are the most important when looking for a new employer.

Blue Monday or not, European employees generally seem very happy in the workplace. Two in three (just under 65%) enjoy their work week after week. Roughly the same number of employees are also proud of what they do every week, and more than six in ten often see work as their passion. These are some of the results of "A Worker’s Journey", a large-scale survey conducted by European HR and payroll specialist SD Worx in Belgium, Germany, France, the Netherlands and the United Kingdom.

SD Worx, a leading European HR & payroll services provider, has appointed Kelly Lespinoy Chief Legal & Compliance Officer. Kelly joins the Executive Committee and reports directly to CEO Kobe Verdonck.

What a difference a year makes. Last year, European companies were still mainly concerned with operational HR tasks: payroll calculation and payment, and HR service to employees were seen as their main challenges. This year, the focus is more than ever on people. Employers, from Spain to the Nordics, consider staff welfare and resilience their number one HR challenge for the coming years. Next in line: employee experience and engagement. “The Covid pandemic has had a serious impact on how we organise our work. It is no coincidence that businesses are investing more time and efforts in their most important assets: the people. Businesses care for their people, more than ever, and that’s their main challenge for next year”, says Cathy Geerts, Chief HR Officer at SD Worx, a leading European HR and payroll services provider.

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.