This document discusses competencies for HR professionals to manage paradoxes and transformations. It outlines that HR must create value for employees, line managers, customers, investors, and communities. It discusses managing paradoxes such as internal vs external focus, individual vs organizational targets, and transactional vs transformational application of HR. HR practices, departments, and professional competencies are examined in the context of aligning, integrating, and innovating to address new business realities and deliver value for key stakeholders.