We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. Read More

Log in

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

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


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.

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.


• 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.


3 Hour Professional


Terms and conditions apply


By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.
If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.
The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.


Contact Us

Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar, BKR 4013, Malta 

E-mail: info@miamalta.org

Tel. +356 2258 1900