I think viewed uncharitably, it makes no sense. But I think it is plenty logical on its own. The reality is my org. - and many like it - have choices. We're not

I think viewed uncharitably, it makes no sense. But I think it is plenty logical on its own. The reality is my org. - and many like it - have choices. We're not choosing between an incompetent person with a relevant credential and a competent person without one, we're choosing among many competent individuals (as far as we've assessed), and verifiable (marketable) indicators of competence beyond us "vouching" for them is an extremely valuable resource. It may not be ideal for a given person's career, but I don't think it has that much effect on our clients' outcomes. I'm sure there have been exceptions to this, and firms that aren't as confident in the capabilities of their people may suffer more.