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Well I recommended possibly bolding the key words/requirements, so yeah, hopefully you're smart enough to realize that the wording and organization on the resume was influenced by the things you said were important. I would hope most people see that as an effort to say "I've read and understand what you're looking for and I want to make it clear I'm your guy" and not some kind of personal attack on your intelligence, but who knows.
It's not about being an attack on intelligence - if it's done wrong, it feels inauthentic and often leads to highlighting or pointing out ridiculous things to force a fit between who you are and what the job description says, which may very well be something some HR person happened to put there 5 years ago and no one bothered to update. What you see very often is something like a job description saying "expertise or significant experience with with X and X ecosystem a plus" and someone trying to write a cover letter talking about some little bootcamp project with 100 lines of code and touting that as evidence of their expertise. And engineers reviewing resumes may not have read the job description at all and your resume may look a little strange. Very often, if you're an entry-level candidate, it's okay not to match the job description and most of the job description wasn't meant for you but you're still okay because they are open to hiring you for who you are anyway. And if you look good in a general sense, just not a great match for that job, there may be another opening that wasn't posted that you may be contacted for! This is what you said:
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Your objective should mirror the job description for every job you apply for. The requirements and skills desired should be near the top of the resume and/or bolded.
You mentioned three things - that's more than possibly bolding the keywords/requirements. And I'm also potentially recommending skipping the cover letter, which I assume you're not. Writing and proof-reading any kind of reasonable custom cover letter can take a lot of time. But either way, I'm not disputing your specific recommendation which I think is on the more reasonable side for most people but addressing general concerns with customization because a few others have also recommended customizing everything without specifics.
One thing I haven't seen mentioned is that if you do minor edits for every job, that does have a chance to improve your main resume because you're forced to review it every time. That to me seems like the biggest potential gain - most people haven't come close to maximizing their base resume effectiveness.
Still, I think what you guys are saying are largely correct if you're working with a relative limited number of employers but in that case I think you do need to take more time. If there are 20 companies you'd like to really work for, you should do more than what we're talking about and try to network your way in as well. But I'm not gonna lie - I'm too lazy to do this for that many companies; I've used referrals for 3 companies this cycle, randomly resume-pushed around 13 and talked to a handful of head-hunters which lead to another couple of phone interviews. I guess if it wasn't working I would've tried harder. What's more important is probably managing internal morale and getting better at interviews and talking to people.
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His onsite rate is 0/200, which suggests an effectiveness almost definitely <1% and likely <0.5%.
Failing phone screens probably has nothing to do with resume effectiveness though. Bolding requirements in his resume isn't going to magically cause him to pass technical screens.