In the context of the general transformation of the leading sectors of the economy, the general employment paradigm is also changing, namely, the approach to the formation of professional competencies for job seekers in the labor market. These trends are increasing with the acceleration of the digitalization of society, which also penetrates into the analyzed processes. The article provides an overview of the models of professional competencies and their development, as a result of which the author has developed her own approach to this issue. Namely, it has been determined that the ongoing transformations increase the importance not only in the existing competencies of applicants, but also in the personal and intellectual abilities they have. In the modern world, the advantage is given to people belonging to the category of “work for the future”. They are the ones who strive to achieve the highest possible results, while finding ways for continuous development, and are more adaptable to digital transformation, including in the labor market. Despite the fact that the goals and objectives of the evaluation system of applicants’ professional competencies will remain the same for they seem common in the analyzed area of management and meet strategic corporate goals of companies’ development. The new will be the information support, which includes artificial intelligence, which first forms the set of applicants’ professional competencies, and then evaluates them. Taking into account the ongoing transformations, the article proposes a new model for the formation of professional competencies. The harmonization of the competency model of each applicant will form a single ensemble that does not contain incompatible competencies (for example, high innovation and strict compliance with regulations). The innovation of the developed model lies in the systematic distribution of competencies among employees, their direct management, and companies’ management. It is by using the proposed model, university graduates and people with experience who decided to change the profession will be able to determine their direction, to evaluate the correctness of the choice of profession, to present themselves to potential employers not only as high professionals in their field, but also to reveal their psychological data, cognitive abilities that are focused on results. Singularity of the changes that occur proves the relevance of the model and determines the aim of the article, which is to develop a model for the formation of professional competencies in the employment market, taking into account the ongoing changes and the growth of society’s technological activity.