Loss Prevention Agent Salary
Pay for Loss Prevention Agents in the United States sits in the ballpark of $13.31 per hour. The most influential factor affecting pay for this group is the particular firm, though years of experience and location have a (lesser) impact as well. Most workers in this position report high levels of job satisfaction. While just under one in three report receiving no health benefits, more than half do receive medical coverage, and the greater part have dental, as well. Generally, women make up less than a third of all Loss Prevention Agents who answered the questionnnaire. The numbers in this rundown were provided by PayScale's salary survey participants.
|Salary||$23,679 - $57,808|
|Total Pay (||$22,154 - $37,555|
|Hourly Rate||$10.40 - $17.22|
|Overtime||$15.10 - $24.17|
|Total Pay (||$22,154 - $37,555|
Job Description for Loss Prevention Agent
A loss prevention agent helps prevent theft, typically at a retail establishment. They are responsible for actively scanning the store to look for potential theft, using security equipment such as closed-circuit television (CCTV) and hidden cameras, as well as by moving around on the sales floor. Other duties of a loss prevention agent include following company guidelines to successfully apprehend shoplifters, as well as identifying and reporting theft to the authorities as required.Read More...
Ideally, the loss prevention agent can prevent theft from happening in the first place, and this is accomplished through deterrence. Policies vary by company, but loss prevention agents are typically trained to identify potential thieves early and use means such as making these individuals aware they are being watched or asking them to leave the store. Loss prevention agents may work with other loss prevention personnel and other store employees, and agents are often required to monitor employee activity for potential theft as well.
The minimum requirements for this position generally include a high school diploma or equivalent, as well as the ability to pass a background check and drug screening. Depending on the state in which they work, a license may be required as well. Typically, a background in security or law enforcement, as well as knowledge of CCTV systems, is preferred. Loss prevention agents often must be able to move around their store for at least part of their shift. Their shifts may vary depending on their establishment's hours of operation; full-time and part-time positions are common.
Loss Prevention Agent Tasks
- Internal and external theft prevention, and physical security such as alarm, locks, CCTV, etc.
- Document evidence of wrongdoing for police and prepare internal reports.
- Audit inventory and identify suspicious missing items and/or activities.
- Plainclothes investigation and apprehension of shoplifters.
- Monitor employees and customers for suspicious behavior and conduct bag checks.
Popular Employer Salaries for Loss Prevention Agent
Dominating the field, Macy's, Inc., The Gap Inc., Nordstrom, Inc., Old Navy, and Rite Aid Pharmacy are top firms with a reputation for hiring a great number of Loss Prevention Agents. The biggest paychecks can be found at Nordstrom, Inc. — the median salary there is $33K. Loss Prevention Agents can also look forward to large paychecks at IKEA ($31K), The Home Depot Inc. ($30K), and The Gap Inc. ($29K).
Macy's, Inc., Old Navy, and Wal-Mart Stores, Inc also rank near the bottom for pay, handing out $25K, $27K, and $27K-paychecks on average.
Pay by Experience Level for Loss Prevention Agent
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Loss Prevention Agents, extensive experience does not lead to significantly more money. Average salaries for inexperienced employees average out to around $27K, but folks who have five to 10 years of experience earn a higher median of $30K. Loss Prevention Agents who work for 10 to 20 years in their occupation tend to earn about $32K. As Loss Prevention Agents reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $37K.
Pay Difference by Location
For Loss Prevention Agents, Chicago provides a pay rate that is 16 percent greater than the national average. Loss Prevention Agents will also find cushy salaries in Dallas (+1 percent) and Phoenix (+1 percent). Los Angeles is home to the smallest salaries in the field, lagging the national average by 12 percent. Tucson and New York are a couple other places where companies are known to pay below the median — salaries are 4 percent lower and 3 percent lower, respectively.
Loss Prevention Agent Reviews
Key Stats for Loss Prevention Agent
Rated 5 out of 5
based on 35 votes.