Icelandic HR Platform 50skills Raises $2.59M to Transform Employee Onboarding

Reykjavik, Iceland – 50skills, a number one Icelandic HR SaaS and new-hire onboarding resolution, has secured €2.5 million ($2.59 million) in funding to scale its resolution for international markets, starting with high-turnover industries within the Nordics and UK. The fundraising was led by Frumtak Ventures, a number one early-stage Icelandic VC agency.

50skills reduces the timeframe between onboarding and staff actively fulfilling their roles. It accomplishes this by centralizing worker information, eliminating repetitive information entry duties throughout a number of programs and integrating with the instruments and companies employers already use. For instance, duties comparable to creating and signing new rent paperwork, triggering required video classes in a Studying Administration Answer, or including new hires to a payroll and different Human Assets programs. 50skills additionally allows HR and onboarding groups to simply create new person profiles, from inside 50skills, for his or her new hires on the productiveness instruments their organisation makes use of comparable to Slack, Asana and Jira, amongst others.

“Having spent years within the recruitment and innovation sectors, we’ve zero’d in on fixing one of many largest points that HR groups face in high-turnover industries like Retail, Hospitality, Tech and Transportation: the friction between the onboarding course of and a division supervisor’s have to shortly get their new hires performing of their roles,” says Kristjan Kristjansson, Co-founder & CEO of 50skills. “As folks change jobs quicker than ever earlier than in these sectors, it creates infinitely extra demand on HR groups. Our goal is to convey the precise onboarding processes and instruments to assist employers adapt to this demand.”

The corporate already has staff at buyer organizations utilizing the platform throughout over 20 international locations and works with model title employers in Iceland comparable to Icelandair, PLAY Airways, Securitas, IKEA, Vodafone, Enterprise Hire-A-Automobile and Domino’s.

“Frumtak seeks out the founders and groups fixing real-world challenges throughout business and society,” stated Svana Gunnarsdottir, Managing Companion, Frumtak Ventures. “50skills has discovered an answer to a big impediment that plagues HR departments globally, whereas concurrently positioning these HR departments, and their new staff, to efficiently navigate distant work and digital transformation.”

50skills is a HR software program firm targeted on offering environment friendly know-how options for enterprise employers in high-turnover industries. 50skills streamlines onboarding processes, creating instruments and companies, leveraging the 50skills crew’s depth of expertise within the recruiting, HR and innovation sectors. For more information, go to 50skills.com.