The document discusses the changing role of HR professionals and the competencies needed for the future. It notes that business scenarios are changing rapidly with globalization, technology, and new business models. HR roles will shift from administrative tasks to strategic partners that drive business, research, facilitate change and OD, and integrate systems. Future HR managers will need to be strategic thinkers, leaders, entrepreneurs, technology savvy, able to benchmark globally, visionary, and able to research behaviors and create systems.