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In this video, Stacy Davidson, founder and CEO of Virtual Job Search Coach, emphasizes the importance of having excellent references in your job search toolkit. She explains that employers seek references to verify candidates' relevant experience, skills, teamwork, and character traits like trustworthiness and reputation. The concept is rooted in the belief that past behavior is the best predictor of future performance. Davidson encourages viewers to ask for references in writing, as this can provide additional insight into their capabilities, attitudes, and areas of weakness, ultimately assisting in their pursuit of landing their dream job.