Today's HR functions are not keeping pace with the changing needs of businesses or the speed of change. Only 40% of business and HR leaders feel HR is delivering programs aligned with business needs, and 60% believe HR is doing an adequate job at best. The document recommends that HR reinvent itself by rethinking its service model to anticipate business needs, reset its core responsibilities to deliver business outcomes, shed non-core transactional activities, and invest in training people to be advisors rather than just service providers.