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M21081 -The real financial costs of high employee turnover (Online)

  • 16 Dec 2021
  • 09:15 - 12:30
  • Online Webinar

Registration

Registration Time: 09.00
Session Time: 09.15 - 12.30 incl 15min break
Speaker: Ms Mariella Galea
Venue: Online Webinar

Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €40.00
Non-MIA Members: €75.00
Retired Members: €20.00
Students: €30.00
*Group bookings for 3 or more participants available.

BACKGROUND INFORMATION
It is becoming increasingly clear that one of the most critical responsibilities of CFOs in coming months will be supporting efforts to build new capabilities and create an environment where the best employees are retained, without overlooking the attitudes and behaviour an organisation needs to reach and withstand its full potential—and raising the bar on talent development! Employee turnover is a major business concern that starts with recruitment. The goal is to hire the best employees who will in time, perform well and stay in an organisation for years to come, but employers and manager cannot neglect their role in keeping team members engaged. Failing to do so results in extremely costly turnover. When it comes to turnover, most people are hyper-focused at the remuneration side of things. However, it is the consequences that fall outside of profit margins that raise the red flags. A focus on capability building is especially relevant now as businesses attempt to rebound from the health and economic effects of COVID-19.1 Think about it: the pandemic has accelerated the use of automation, artificial intelligence, and other digital technologies to enhance or streamline processes. And what about people? Do we consider employees as “easy to replace”? The pandemic has changed the priorities and demands of customers and investors in ways that have not totally revealed themselves yet. And all this is happening as the world of work continues to change rapidly.
This module intends to discuss the effects of a high employee turnover and the direct and indirect costs, without overlooking the backdrop of the effects of the pandemic.

TOPICS ON THE AGENDA

• Discuss what is employee turnover.
• Illustrate what is the true cost of employee turnover.
• Identify the factors that contribute to high employee turnover.
• Show ways on how to reduce employee turnover resulting in better financial results.

Target audience

Accountants, Auditors, Entrepreneurs, Practitioners,
Professionals seeking to enhance their Continuous Professional Development

Speaker's profile

Mariella Galea is an HR professional and educator, with over 25 years’ experience in both the public and private sector. She graduated from the University of Malta with a Bachelor of Education with Honours and holds a Masters degree in Human Resource Management and Development, with distinction, from the University of Leicester.
Mariella is passionate about creating opportunities for development and growth through learning and employee engagement and firmly believes that people are the most important asset in an organisation. She has driven projects and initiatives related to excellence in HR, leadership development, training programmes, employee engagement, performance management, female leadership and entrepreneurship, diversity and equality, HR technology and education projects.
Mariella is the Learning and Development and Performance Manager of Farsons Group. She also contributes to various initiatives that strengthen the relationship between industry and education, by bringing together her experience in both sectors. She is the founder of HR TalentLEAD, partnering with organisational leaders to achieve results together with their people, through HR and Learning and Development projects and training programmes.

EVENT CPE COMPETENCES

3 Hour Professional

WEBINAR TERMS AND CONDITIONS

Terms and conditions apply

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