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Modern industry confronts engineers completely new challenges. Technical skills in the light of the ongoing changes are no longer the only criterion for the effective work of engineers. On the other hand, engineers clearly show the need for development and taking new challenges. The need for a comprehensive acquisition of competences in both technical and psychosocial areas is increasingly expressed. Paper presents a model of employee competences essential for the future of enterprises operating in the Industry 4.0, which was created with using the Value Engineering methodology.