This has been discussed multiple times already, see e.g. https://communities.vmware.com/t5/VMware-Workstation-Pro/VMware-Workstation-Pro-16-1-0-doesnt-compli...
Note: you say you are installing on RHEL 8.3 but "4.18.0-305.3.1.el8_4.x86_64" rather looks like 8.4.
