They can be job seekers' ticket to land a job. It will dramatically increase their chances of getting interviewed. With the correct format, their efforts will eventually pay off once they have opted for a job interview. However, one of the biggest mistakes of creating one is that people tend to copy on the Internet. Some of them are looking into others' letters on the Internet and make it their own. With a little bit of editing, they can be able to pass it. Companies nowadays are aware of that scheme, so people should take effort in deciding whether they will copy on the Internet or they will create their own, unique and compelling letter.
Your cover letter format is very important to your success. With a high quality motivation letter, your chances at getting an interview will dramatically increase. Don't take shortcuts. Pay attention to both what you say (content) and how you say it (format). Your efforts will pay off in your career success!