What is Preventive Cost, which help Labour or workforce of the company?

it includes  expenses which are incurred to keep the work satisfied and prevent labour from leaving the organisation

In other words, the cost which is incurred to prevent the workers from leaving is known as Preventive Cost

It includes such expenses cost of providing medical facilities for the employees and their family members

It includes Cost of implementing different employee welfare schemes like subsidised meals at canteen, cooperative stores, educational facilities for the children of the employees

Introducing pension schemes for the employees and giving them all types of retirement benefits

It provides Extra bonus and other prerequisites to discourage the employees to leave the organisation and join somewhere else