Loss Prevention Investigator Salary
Loss Prevention Investigators in the United States can expect wages of $15.47 per hour on average. Compensation for this group is mainly affected by the company, but geography and tenure are influential factors as well. Job satisfaction for Loss Prevention Investigators is high. Although a strong majority have medical coverage and a fair number have dental coverage, close to a fifth claim no health benefits at all. More than half of Loss Prevention Investigators (64 percent) survey respondents are men. This overview is based on answers to PayScale's salary questionnaire.
Job Description for Loss Prevention Investigator
Loss-prevention investigators are responsible for the protection of assets within their retail store. These investigators generally who work within their store and sometimes within an office, and may work independently or on a team.Read More...
Educational requirements for the position vary depending on the organization; most require a high school diploma or equivalent, and some require college education or training. Many organizations require prior work experience in a retail environment, as well.
Loss-prevention investigators may a variety of responsibilities and duties, including: detecting and investigating shoplifting; preventing employee theft and property destruction; investigating crimes within the store; recovering stolen inventory; assisting the employer in prosecuting criminals;using surveillance systems and observing surveillance tapes; interviewing suspects; conducting awareness training programs; investigating in-store deception; watching for suspicious behavior; running sales- and transaction-related reports; investigating cash theft; conducting routine bag checks among employees; maintaining and upholding store policies; and auditing regarding paperwork and various departments.
This position requires a person who is intuitive in nature, pays strong attention to detail, and works well in high-stress environments.
Loss Prevention Investigator Tasks
- Document attempted and actual thefts, including prevention measures and their effects.
- Monitor employees and cash registers to identify potential and actual problems.
- Oversee electronic and inventory methods to reduce theft and losses.
- Monitor retail space via remote cameras and in-person surveillance.
- Identify, isolate, search, and call police when suspects are identified.
Loss Prevention Investigator Job Listings
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Popular Employer Salaries for Loss Prevention Investigator
Loss Prevention Investigators flock to Macy's, Inc., TJ Maxx Inc, Neiman Marcus Group Inc., CVS Caremark Corporation, and CVS / Pharmacy, highly regarded companies that employ a generous number of people in this profession. TJX Companies Inc leads the field in terms of pay, with a median salary of $48K.
Pay by Experience Level for Loss Prevention Investigator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Loss Prevention Investigators do not generally earn higher incomes from more experience in the field. Respondents with less than five years' experience take home $35K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $44K. After working for 10 to 20 years, Loss Prevention Investigators make a median salary of $47K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $50K.