Press

SD Worx, the leading European HR solutions provider, has been recognised by analyst company Everest Group as a leader in the Multi-country Payroll Solutions PEAK Matrix 2024 EMEA. The recognition confirms SD Worx’ international presence, customer and partner relationships and innovative solutions. 

SD Worx, the leading European HR and payroll solutions provider, has successfully closed the acquisition of F2A, the Italian market leader in HR and payroll. With this transaction, SD Worx has taken a quantum leap in its expansion strategy to help customers of any size across Europe with their HR and payroll through software, managed services and expertise. 

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. 

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.