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YES!
EVERYBODY sends a Thank You note after an interview… Right? Wrong!
Having been in the Employment Placement industry for 23 years, I’ve found that only around 10% to 20% of candidates actually send a Thank You note after an interview. And of those, fewer still send one after each interview at a company. Even though I coach all my candidates to send one after interviews I set up for them, only around half actually do it! Yet if you ask any o
I've sent very few thank you notes when I've looked for a job and those thank you notes have been in later years, not for the jobs immediately coming out of college. Coming out of college I felt that it's a win-win situation, you are looking for an employee, I am looking for an employer, it's a match made in heaven, right? So why should I be the one to send you a thank you note?
I still do hold this belief, but I send a thank you note anyway. I only send thank you notes to the interviews that *really* had an impact on me. After some interviews I come out feeling "well those people were as dry as a bone". If on the other hand I come out of an interview energized and psyched about the job, I send a note NOT to explicitly thank them for the interview, but to relay the fact that I am glad to have met them, that they did indeed energize me with their great outlook/attitude/progressiveness/etc and I take the opportunity to mention a few things from the interview that really stood out.

All other things being equal, the Thank you note (card, e-mail, other) will give you extra points. You need to be in the game to start with for the extra points to count. It’s like going to the free-throw line and not taking a shot?? Send the note!
A job candidate should absolutely send a thank-you note after an interview,even if you decide you're not interested in the job. A thank-you note shows class and interest. Whenever it came down to two candidates, my colleagues and I would discuss who sent a thank-you note and who did not. While a thank-you note is not a guarantee of getting a job, it could give you a slight advantage with no downside.

It is essential to send at thank you note after an informational interview, phone interview or an in-person interview. Not only is it a great way to follow up and remind the person how unique you are but it show respect and appreciation for their time. Appreciation and acknowledgment go a long way and the person will be more inclined to help you in the future. Hand-written notes always will get more attention than an email.
I agree - Send the note!
I don't consider it "essential", if they really want you, they'll call you, seriously! BUT it's still a good idea. I have personally landed myself a job with a thank you note. In this particular case I didn't know enough about the particular technology they were using. I read up on it that night and sent a thank you note the next day, "casually" mentioning how I'd researched it and made some insightful comments, demonstrating that I could pick it up quickly. I got a somewhat cautious response (since I was clearly not being considered) but curious about whether I could do more. A few back and forths later and I got the job.

Thank you notes absolutely still matter. It can help a candidate on the bubble put themselves over the top - especially if the note shows they were clearly listening and engaged during an interview. And conversely, it can make you think twice about how they'd perform in the workplace if they don't send one.
I personally think that TY notes are essential. The importance of a simple note is underated, and I think is a missed opportunity for many candidates to stand out from the rest of the applicants.
My father, a successful businessman, who usually does not do the hiring, or interviewing, but meets with potential candidates all the time, says that teh thank you note, or lack there of is the make or break deal. He says you can tell a lot about a person, and the time that they take to just send a two sentace thank you. It is not about what is said, but that the person actually cares about the self branding they are making for themself.
Some people say that it will not make a difference, but if it is the one factor that might give you the lead in the so called "rat race", then why not?

Absolutely, send a thank you. The company didn't have to invite you in for an interview. I was offered my current job because I was the only one who sent a thank you note.

Absolutely, they do. I study this program called "Beyond Freedom" and I have daily, weekly tasks to do. One of them is to write thank you notes- hand written, 3 times a week. The reason for this is because like attracts like and writing such notes creates a positive flow in your life. As you give, you receive!

...and those who do REALLY stand out!
Ditto to everyone who says TY notes matter. Especially Daniel, the first the mention the hand-written thank you note. My inbox at work is constantly bombarded by "i need this" or "can you get me that" or "have you done this," many of which are easily ignorable or flagged for later response. What still hold true this day is snail mail. No matter how busy I am with my e-mail, or phone calls or whatnot an inbox of paper mail I think is just something that people can't let build up. I know I personally can't resist opening up mail. Often times even after a bad working relationship on a project or a bad conference call I feel that the power of the hand-written thank you note can almost wipe the slate clean. I know it has for me when I receive them.
People want to feel loved, noticed, and cared about!
My sister makes fun of me for being "excited" when I purchase a new set of thank you cards, but I use them regularly after dinner parties, a good talk with a girlfriend over the phone, and yes - the job interview! I think they've definitely helped me land the "co-op" and "real" jobs I've interviewed for over the last five years.

As an employer, I can tell you that Thank You notes will definitely give you an advantage over the other candidates. I recently had 3 excellent candidates for a management position. They were all equally qualified and it was pretty much going to be a coin toss as to who received the job offer. Only one of the 3, sent a thank you note - and that is who got the job.