Discuss how Large Language Models (LLMs) are transforming resume parsing and talent acquisition by enabling more sophisticated understanding and extraction of information from varied resume formats compared to older rule-based or traditional machine learning methods.

While LLMs offer benefits like improved efficiency and the ability to handle unstructured data, they introduce significant challenges, particularly regarding algorithmic bias and data privacy.

Highlight the importance of human oversight, bias mitigation strategies, and the impact of regulations like GDPR, NYC Local Law 144, and the EU AI Act on the ethical and practical deployment of these technologies in hiring processes.

Case studies demonstrate the use of LLMs, often in hybrid or multi-agent systems, and point towards future trends like multimodal AI and Explainable AI (XAI) in HR.