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Having family in HR at several F500 companies,the common sentiment is that they are never read
Important if you're switching fields. Your resume tends to sound irrelevant otherwise. Also, as a consultant I like to read cover letters to see how well you communicate and your attention to details based on spelling/grammatical errors
I never submit them
I read them.
They are less important than they used to be. If your resume is consice and to the point, that works nearly as well.
Don't bother. Have someone refer you instead.
I never read them