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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

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The job market is so bad that ‘reverse recruiters’ are charging $1,500 a month just to help people look for jobs

By
Jake Angelo
Jake Angelo
Former News Fellow
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By
Jake Angelo
Jake Angelo
Former News Fellow
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March 25, 2026, 3:30 AM ET
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Alex Shinkarovsky, founder of Reverse Recruiting AgencyCourtesy of Reverse Recruiting Agency
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Today, job seekers often send hundreds of applications into the void of applicant tracking systems, where their materials may never be seen by human eyes. For many, the job search has become a full-time job in itself. Some, though, are outsourcing it. That’s where the reverse recruiter comes in.

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Reverse Recruiting Agency helps find, apply to, and secure jobs on behalf of the worker, not the company. It charges $1,500 a month for its services (though clients get their first-month fee refunded), plus 10% of the job seeker’s first-year salary upon job acceptance. That $1,500 gets you personalized résumé editing services, 50 to 100 applications per week, career coaching, interview prep, and several other job readiness services, according to the company’s website.

Today, more than half of U.S. job seekers are spending six months or more shooting out résumés before landing a job, according to LinkedIn’s 2025 Workplace Confidence survey. Some people have even reported applying to hundreds of jobs before landing a single interview. The long-term unemployment rate, or those lacking work for 27 weeks or longer, is also on the rise, at about 25.6% as of last month, according to Bureau of Labor Statistics data. That’s putting pressure on folks to get a job.

Alex Shinkarovsky, founder of Reverse Recruiting Agency, said in an interview with Fortune that his company has helped 45 clients so far, with 25 additional active clients. Most clients, he noted, are high-performers coming from a range of backgrounds, from data science to program management to engineering. Even a top executive from Apple has reached out for his help, he said. 

“Most of the people who are hiring us now are awesome candidates, as in, they’re not struggling now,” Shinkarovsky told Fortune.

Although the company helps to submit 50 to 100 applications per week, Shinkarovsky noted that still may not be enough to beat the odds. On average, he said, his company submits 863 applications per client before they land a job offer. In the case of more difficult career searches—for those facing visa complications, ageism, or location constraints—it takes up to 924 applications.

Still, Shinkarovsky said, his company is slashing the time it takes to find a role in half. The average time it takes to score a job offer is about 12.7 weeks for the standard role switch with the company’s help, compared with 24.3 weeks across the market, according to a Reverse Recruiting Agency analysis.

The perils of a job market rife with AI

The rules of the game are changing, shifting the knowledge required to score an interview. The logical conclusion of a job market that prizes volume over quality is a flood of AI-generated résumés and cover letters. And recruiting experts say that’s become the norm. In fact, the whole job search ecosystem is rife with AI, as applicants submit AI-generated materials and recruiters use AI to sort through applications, many of whom are ghosting applicants because of the technology.

“It’s fundamentally broken,” Shinkarovsky said. The founder clarified the company’s workers don’t use AI to submit applications on behalf of their clients, save for some résumé optimization functions as well as outreach on LinkedIn and email.

He suggests that Congress could address the issue by implementing a verification system for job seekers, similar to a voter ID, to add friction to the application funnel. “That would cut out almost all the slop right away,” he said.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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