Vendor Analysis
published on Aug 23, 2023
Report Overview:
This NelsonHall vendor assessment analyzes SD Worx's offerings and capabilities in Payroll Services.
Who is this Report for:
NelsonHall’s Payroll Services profile on SD Worx is a comprehensive assessment of SD Worx offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Payroll Services and identifying vendor suitability for security services RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the Payroll Services sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of SD Worx’s Payroll Services offerings and capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization including the location of delivery locations.
Key Findings & Highlights:
SD Worx, headquartered in Antwerp, Belgium, is a leading people solutions provider with global capabilities and European roots. SD Worx is one of the largest HR providers in Europe, with a physical (own offices and payroll expertise) presence in twenty-six countries, supporting ~82k clients and having ~7k employees.
It offers software and services across the full employee life-cycle, from staffing and core HR to talent and career solutions. Services include software, outsourcing, consulting, and data insights.
SD Worx conducts business through two primary segments:
- People Solutions: payroll, expenses, compensation and benefits, recruitment and workforce management, time & attendance, HR technology, and automation
- Staffing and Career Solutions: staffing, recruiting, and consulting.
This profile focuses specifically on SD Worx's payroll services capability.
It offers global payroll and HR services to clients across 150 countries through regional partnerships and a single harmonized service level and governance model. It processes ~5m pay-slips per month and has ~6k employees.
SD Worx continued its European expansion over the last year. Its payroll business was significantly expanded over 2022 through acquisitions which included: Propay, Huapii, HRPRO, Intelligo, Integrhro. This brings SD Worx’ local presence to 26 countries and owns payroll software to support payrolls in 18 European countries.