Revolutionizing Recruitment: The Influence of AI-Driven Talent Acquisition on Hiring Efficiency in Multinational Corporations

Revolutionizing Recruitment: The Influence of AI-Driven Talent Acquisition on Hiring Efficiency in Multinational Corporations

Shaik Mohammed shafi,

MBA, LLB, M.sc(Psychology),

Principal consultant, IT Department, Doyen Systems pvt Ltd, Chennai

Dr. B.Hemanth Venkata Siva Krishna,

MBA, M.Com, Ph.D

Associate professor,

Department of MBA,

Sri sai college of IT & Management, Kadapa

Abstract

Multinational corporations (MNCs) consider talent acquisition to be very important as they try to remain competitive in the global business world. Artificial intelligence (AI) is now changing how recruitment processes work. It investigates the change AI has brought to how MNCs manage and complete their hiring processes. Focusing on AI such as machine learning, natural language processing and predictive analytics enables organizations to smoothen their hiring process, improve how candidates feel and choose the right candidates more accurately.

This research combines quantitative data on HR performance with qualitative information from discussions with experts. The research finds that AI is used in recruitment for tasks such as reviewing resumes, matching applicants to vacancies, helping with interviews through chatbots, reviewing candidate feelings and assessing who will succeed in the position. It examines how the process affects the main performance indicators, including hiring time, expense for hiring, standard of employees and employee retention.

The research found that by automating typical HR activities, AI can cut the time needed to hire staff and ease the administrative pressures, giving HR staff more time for important planning and engaging with candidates on a personal level. Moreover, properly trained and regularly verified AI helps overcome unconscious bias in the beginning of hiring and promotes diversity and inclusion. Yet, the study found that there are major issues such as preserving data privacy, making algorithms easy to understand and involving humans to ensure everything stays ethical and in context.

The paper notes that AI helps recruiters carry out their roles better, by allowing them to place more emphasis on building relationships and developing talent. A company should stress the need for being ready, educating their workforce and keeping an eye on AI to use it effectively. The insights add detail to how AI alters recruitment methods which helps MNCs to respond well to new developments in the labor market.

All in all, using AI in recruitment is reshaping how big businesses handle bringing in, assessing and keeping talented people. Using HR best practices thoughtfully can improve hiring and add a stronger strategic role for HR in business transformation. Researchers conclude that there is a need for more study on how AI affects the workforce, ethics and global HR, as MNCs struggle with digital transformation.

Keywords:

 AI-driven recruitment, talent acquisition, hiring efficiency, multinational corporations, human resource transformation