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In the video tutorial, it's explained that even after creating an impressive resume and cover letter, applicants often still need to complete an employment application. This requirement is essential as it allows employers to have a verified and signed record of an applicant's personal and employment history. The application gathers consistent data from all candidates, using a uniform format to ensure that every applicant answers the same questions. This standardization helps employers easily compare qualifications and backgrounds across all candidates for a specific job, highlighting the importance of the application process in hiring.