What kind of experience do you have hiring? If you have a better process, that has been proven over time to work, please share.
I'm part of a small group of leaders/owners from other development shops. We meet monthly to collaborate and learn from each other. Hiring is a frequent topic and I assure you that our steep funnel and perspective on candidate ability is not a unique experience, despite divergent hiring processes.
It is true that our process could be filtering out candidates who might otherwise apply. In that case, it's most likely working as intended.