I totally agree with you, but I don't think this is the specific case. Most of the rejections in our case (which I can see) on the preliminary screening were based on lacking CV skills. Which is stupid in its own way, but at least makes sense assuming we are looking for those skills specifically.
For the rest, the company is a remote company paying good salaries for the European market, I would say slightly above market average in many metrics.
I will sift more into the rejections, but from what I have seen, almost all those who had the screening phone call made it to the interview (I.e., rejections were mostly cv-based).