The document discusses insights from a KPMG survey on how HR functions may evolve by 2023. Key insights include:
1) Balancing global, local, flexible and virtual workforces will create challenges and opportunities for talent management.
2) Attracting, retaining and engaging top talent is crucial for business success as talent shortages are expected.
3) Rapid changes in technology are accelerating HR's ability to transform through tools like social media, cloud computing and analytics.
4) HR has an opportunity to transform into a strategic player by aligning people strategies to business goals and adding value.