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In this video tutorial, the speaker highlights the importance of filling out an employment application even after preparing a resume and cover letter. They explain that employers require an application to maintain a verified record of each candidate's personal and employment history. This standardized form helps employers collect consistent information from all applicants, ensuring a uniform format that allows for easier comparison. Unlike resumes and cover letters, which can vary greatly in format and content, the employment application asks the same questions for every candidate. This process is essential for fair evaluation and record-keeping during hiring.