Cover Letter - Just my Take.
Failure to dedicate time and thought to writing a cover letter could result in disqualification because you:
1. Failed to represent why you are qualified for the position (list of skills and successes)
2. Many employees use the cover letter as a tool to determine the level of interest (note - many applicants fail to submit cover letters, even when the posting specifically requests a letter).
The cover letter remains important. Those that say it isn't probably have a hard time writing one. Do not fall into that category.
Unless the posting specifically states "resume only", always submit a resume and letter.
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