HFS Highlight: One to watch: SD Worx steadily builds an HR-solutions powerhouse for the mid-market

For those thinking about the post-COVID future of work, a scalable, flexible, fluid workforce is here to stay. In 2018 alone, 53% of employees surveyed worked remotely at least half of the week, with 70% working remotely at some point during the week (International Workplace Group 2018 “Workspace Revolution” study).

Fast-forward two years and add to the equation a more entrenched gig economy and an increasingly temporary workforce, coupled with mass layoffs and a COVID-mandated WFH environment. This massive redeployment rapidly cemented the structural resources needed to fully engage remote, decentralized teams, from accessibility and security requirements to physical laptops and cloud-based collaborative tools.

IT and HR are at a critical juncture to support, empower, and ultimately unleash the enterprise, yet enterprise-level HR solutions struggle with down-market delivery.

In many cases, license costs and complexity of software for HR technology solutions can’t get to a price point that works in the mid-market arena. That’s one box SD Worx is working diligently to crack.  After a 29% revenue increase in 2019, SD Worx has continued its growth and innovation strategy in 2020 to leverage a full suite of cloud, outsourcing, consulting, and data capabilities across HR services delivery. Thus far in 2020:

ACQUISITION: On May 29^th SD Worx acquired the remaining shares of GlobePayroll for full acquisition and integration, aiming to accelerate its digital HR and full-scale payroll technologies in the mid-market space.

ACQUISITION: SD Worx acquired Adessa Group to increase its HR cloud technology and consulting capabilities, with a European focus, and its near-shore service center in Spain. 

ACQUISITION: SD Worx acquired Pointlogic as a solution for reward and benefits management, including the facilitation of increased visibility and dialogue regarding total benefits packages between employee and employer.

At its core, the machinery of HR must be fully intact to enable the fluidity layered above it.

Enter SD Worx, whose services were solidified as a “social secretariat” in Belgium following WWII when the country needed to rebuild and start paying salaries again. To this day as a social secretariat, SD Worx has the legal obligation for 100% accuracy in salary calculations and compliance, and as such, it’s deeply embedded in their corporate ethos. When it comes to payroll data integrity, there’s simply not much competition around this level of diligence.

SD Worx has diligently used its foundation for building adjacencies and people solutions across the employee lifecycle, whether fixed or flex.

The Bottom Line: SD Worx “goes heavy” as a European-based player in HR services; stay tuned for continued growth in its reach

SD Worx is presently focused on continued European growth for the next three years, and its ability to deliver on both an evolving world of work and the nuanced needs across borders gives it an edge as a trusted partner in the Euro-centric landscape. For European organizations, SD Worx should be on your short-list; for incumbents and HQs across the oceans, SD Worx is surely one to watch.