The document discusses the future of the HR profession and the paradigm shifts expected in business and HR. It outlines three main points: 1) Business and work environments are changing rapidly with increased globalization, technology, outsourcing, and fast-paced innovation. HR must adapt to serve as strategic business partners. 2) Future HR roles will focus more on research, change management, organizational development, and acting as strategic thinkers and drivers of business. Administrative functions will be outsourced. 3) HR professionals of the future will need competencies in entrepreneurship, global networking, technology skills, and ability to adapt quickly to constant change. They will facilitate business partnerships and optimize employee and organizational performance.