This document summarizes the key roles and challenges for HR managers in today's global business environment. It discusses how the nature of business has become more global, fast-paced, and knowledge-driven, placing new demands on HR. Some of the challenges highlighted include managing diverse employee expectations, benchmarking compensation globally, assessing talent quickly, and ensuring legal and quality standards. The document also shares results from research on how HR managers spend their time on tasks like recruitment, administration, and technology implementation. Finally, it emphasizes qualities of effective future HR leaders like being strategic thinkers, technologically familiar, and passionate about developing people and promoting excellence.