Kevin Moses Paul
05 February 2021
See basically, your entire doubt is circulating around employment opportunities. If you've ever come across the term 'Opportunity Cost' then maybe you can recall that these terms referred to the best alternative solution available.
OC or the Opportunity Cost is the value of the next best thing you give up whenever you make a decision.
In general, it is "the loss of potential gain from other alternatives when one alternative is chosen".
As per the situation that you've experienced, is all about the OC of the hiring company/organisation.
I strongly uphold your idea that they mentioned "interview based on the basic academic qualification" in their advertisement, but things were bit divergent while accepting the applications. This is all due to unemployment, which has struck hard on the face of every individual in the country.
Since most of the people are unemployed these days and everyone is in urgent need of money in order to maintain or stabilise their standards, everyone is looking up for jobs, which has resulted in situations where even highly qualified personnels are also applying for posts or jobs they're overqualified for, as a result of which the unskilled or average qualified people are incurring huge loss in terms of job search and gaining money at a large extent.
Therefore, the organisation might have demanded for optimum qualifications only but due to incoming of applications from more educationally qualified personnel, the company/organisation have chosen them as their opportunity cost, since they're getting more of what they've demanded or expected for.
There's a relevant Judgment that might interest you, link for which is given below -
https://indiankanoon.org/doc/93936830/
All this has become a common phenomenon in the country from past few years, but that does not mean that an individual should loose hope. You may keep on applying for another vacancies, instead of being disheartened.
I hope the information helps.
Thanks
