Corporations are undergoing dramatic changes with significant implications for how human resources are best managed and organized. There is a growing consensus that human capital is critical to an organization’s success. But is there a consensus about how the HR function itself should be organized? Or if change is in fact occurring? This work measures how changes in the business environment affect human resources and, consequently, whether HR is becoming a strategic business partner. This edition covers new data collected in 1998 with the original study to notes changes and improvements in the selected corporations.