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Practice Listening: Highlight Correct Summary ID: #34464 Medium Millennials
Instructions ›
You will hear a recording. Click on the paragraph that best relates to the recording.

Transcript:

When joining a new company, there are often perks to consider: a company car, maybe a plan. With Millennials now making up the lion's share of the workforce, a number of companies are betting that helping to pay off student debt is the next game-changer when it comes to attracting and retaining the best and the brightest. It’s not a bad wager. Total education debt stood at a staggering 1.52 trillion at the end of March. And while the perk is by no means reserved only for millennials, it's not lost on anyone that the average student loan borrower will have graduated this year saddled with more than 37.000 in debt. One of the companies touting the new benefit is the same one - Fidelity Investments - that already handles millions of workers' 401 plans. Businesses enrolled in its Student Debt Employer Contribution program are able to make after-tax contributions to their employees’ outstanding student loans, setting their own parameters as to “who” and "how much" with the help of a modeling tool for estimating their potential recruitment and retention cost savings.
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Result:

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Option 4: "The way different companies are offering perks to their employees and how they are beneficial for them to retain the best and the brightest."

Explanation: This option accurately summarizes the text by highlighting that companies are offering perks, specifically related to student debt, to attract and retain talented employees. It captures the essence of the text, which discusses the significance of these benefits in the current job market.

Option 1: "The way students use their pay to pay off their loans and how they find these new perks beneficial to them for the purpose of education."

Explanation: This option incorrectly focuses on students using their pay to manage loans, which is not the main theme of the text. The text discusses companies offering benefits to employees, particularly in relation to student debt, rather than how students utilize their earnings.

Option 2: "The growth of the adults in the market and how people get attracted towards that particular company because of the benefits that they are offering."

Explanation: This option is incorrect as it vaguely refers to 'growth of adults' without specifying the context of employment or student debt. The text specifically highlights how companies attract employees through benefits related to student debt, not a general attraction to companies.

Option 3: "The way one gets physical and mental support after joining a new company and the way they grow with the time period."

Explanation: This option is incorrect because it introduces concepts of physical and mental support, which are not mentioned in the text. The focus of the text is on financial benefits related to student debt, not on personal growth or support after joining a company.

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