In November 2021, Fuzu launched its AI-powered hiring platform in Nigeria.
This is on the back of its successful entry into the Kenyan and Ugandan markets, where the 6-year-old company has already onboarded over 1.3 million users and 1000+ companies with 5000+ job applications daily.
According to a 2021 report by Bloomberg, Nigeria has a population of over 200 million and ranks third as the country with the highest unemployment rate in the world.
This means that the labour market in Nigeria is highly underserved. There is a huge need for advanced, sustainable ways to close the unemployment gap and open up more opportunities to the public.
Fuzu provides a solution to this problem in three succinct ways: access to the hidden job market, the most advanced AI-powered technology in the market, and the fastest-growing talent pool in Africa.
Fuzu's Offering for Employers in Nigeria
50% of our population was unemployed or underemployed at the end of 2020, however, multiple reports have shown that unemployment in Africa is not entirely driven by a lack of jobs.
For instance, the United Nations Industrial Development Organisation (UNIDO) has said that 80.9% of Nigerian employers cite employee skills gaps as the leading factor of poor performance and losses in their businesses.
This is one of the many challenges that Fuzu Nigeria is tackling.
The company is making the hiring process more scalable and cost-effective by addressing competency and reducing the skills gap in the Nigerian labour market through accessible and relevant skills training.
Smoothing the transition from education to employment helps everyone from employees and employers to policymakers, and underserved segments of the labor market such as vocational professionals, MSMEs, and startups.
For instance, the average job opening in Nigeria attracts between 500 and 1000 job applicants, making it hard for most human resource teams to filter through.
But with Fuzu’s next-generation tools, recruiters are now able to sort and rank candidates in a short time. Fuzu has also secured partnerships with experts from top universities like Wharton, the University of Helsinki, and multinationals such as McKinsey, Bain, and Microsoft to augment the recruitment process using advanced psychometrics and skill-based tests.
Fuzu's Offering for Job Seekers in Nigeria
Unlike other players in the market, Fuzu provides professionals with lifelong career guidance, resources, tools, and opportunities to succeed and grow at any stage of their career journey.
People who register on the platform gain access to personalized job recommendations, hundreds of online courses, career tips and advice, and a community of like-minded professionals.
Currently, the continent has about 420 million youth aged 15-35, of whom one-third are unemployed and discouraged, another third are vulnerably employed, and only one in six are in the wage employment bracket.
To combat this and design effective tools and solutions for the labour market, Fuzu is deploying a data and AI-driven approach to serve job seekers at a personal level.
With Fuzu's expansion and continuous advocacy for transparency and job creation, they are giving hope to the ever-increasing unemployed youth in Africa.
Key Features of the Fuzu Platform in Nigeria
Fuzu modernizes the job application and recruitment process through the following features:
Job matching: Their advanced matching engine automates the job recommendation process and guides users through the end-to-end application process. It is already one of the largest repositories of active, scam-free jobs in all of Nigeria.
CV creation: Fuzu Nigeria offers its users free access to a professionally designed CV. Poorly developed CVs cause recruiters to drop applicants during the hiring process. This tool helps users create AI-friendly CVs that can help get them to the door.
Feedback: Advanced AI tools are deployed to compare candidates and provide individual, personalized feedback to every single applicant.
E-learning: Users have access to a library with hundreds of courses to continuously uplift their soft skills, with automatic recommendations based on past experiences and future career goals.
Automated candidate ranking and shortlisting: Using advanced AI, candidates are compared and ranked based on their skill set, test scores, and even their culture fit to the business! This cuts candidate shortlisting time by up to 80%.
Hiring process management and collaboration: Fuzu Nigeria will help manage and review applications 80% faster and more accurately than any global solution.