Loss Prevention Manager Salary

For Loss Prevention Managers, annual average wages total $46K per year. Total cash compensation to Loss Prevention Managers approaches anywhere from $31K on the lower end to $66K on the higher end; in exceptional cases, this can include more than $7K from bonuses and upwards of $4K from profit sharing. Compensation for this group is mainly affected by location, but career length and the individual firm are influential factors as well. Most workers in this position report high levels of job satisfaction. Male Loss Prevention Managers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Medical benefits are awarded to a fair number, and a strong majority earn dental coverage. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$34,605 - $67,377
(Median)
$35K
$46K
$67K
MEDIAN: $45,593
10%
50%
90%

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$11.38 - $19.47
(Median)
$11
$15
$19
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$23K$46K$69K
Salary
$34,605 - $67,377  
   
Bonus
$0.00 - $6,926  
Profit Sharing
$0.00 - $4,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,749 - $65,507  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 501
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$11.38 - $19.47  
   
Overtime
$14.63 - $29.35  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$0.00 - $6,926  
   
Profit Sharing
$0.00 - $4,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,749 - $65,507  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 170
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Job Description for Loss Prevention Manager

The main role of the loss prevention manager is to ensure profits by preventing losses that occur through internal or external theft, fraud, accident, or abuse; it is often referred to as "shrink." Loss prevention managers are must constantly be on watch for shrink. Along with finding out the reasons that shrink may be occurring, they must constantly create and implement security and safety procedures that will reduce losses for the company. Since theft includes stolen items and robberies, the loss prevention mangers needs to work closely with upper management in the store and with law enforcement in the area.

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Loss Prevention Manager Tasks

  • Audit sites to ensure inventory is processed, handled, and monitored appropriately, and document any errors or failures.
  • Develop policies and train staff in loss prevention, reduce shrinkage, and use tagging and/or report mechanisms.
  • Investigate, log, and resolve alleged and actual theft, violations of policy, and compliance concerns.
  • Coordinate and communicate with management and governmental agencies to act appropriately and legally.

Common Career Paths for Loss Prevention Manager


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Though it's uncommon, some Loss Prevention Managers move into roles as Directors of Loss Prevention, where pay is an average $74K per year. Typical career progression for a Loss Prevention Manager involves becoming a Regional Manager of Loss Prevention or a District Loss Prevention Investigator, roles that pay $27K more and $8K more on average.

Loss Prevention Manager Job Listings

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Popular Employer Salaries for Loss Prevention Manager


Leading companies who hire large numbers of Loss Prevention Managers include Sears Holdings Corporation, Macy's, Inc., Kmart Corporation, Lowe's Home Improvement Inc., and Lowe's Companies, Inc. Employees at Macy's, Inc. enjoy the biggest paychecks, and $46K is the median salary. Range in pay, on the other hand, is narrow, with lower figures hovering around $35K and higher ones not far away at only $57K. Lowe's Companies, Inc, Kohl's Department Stores Inc, and Sears Holdings Corporation also offer top salaries for Loss Prevention Managers. Workers at these firms can expect to earn about $42K, $41K, and $41K, respectively.

Offering a median salary of only $35K, Target Corporation gives out the smallest paychecks. Furthermore, the earnings range of $27K to $75K isn't that wide, either. Also sliding in at the lower end of the scale are Kmart Corporation ($36K), Lowe's Home Improvement Inc. ($41K), and Sears Holdings Corporation ($41K).

Popular Skills for Loss Prevention Manager


Loss Prevention Managers generally report applying a varied skill set to their work. Most notably, skills in Security Policies and Procedures, Inventory Management, Inventory Control, and People Management are correlated to pay that is above average, with boosts between 7 percent and 18 percent. At the other end of the pay range are skills like Investigation. Most people experienced in Safety Compliance also know Inventory Control.

Pay by Experience Level for Loss Prevention Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and pay tend to be weakly linked for Loss Prevention Managers — those with more experience do not necessarily bring in higher earnings. The average inexperienced worker's salary is approximately $39K, and people with five to 10 years of experience bring in more at around $44K on average. After working for 10 to 20 years, Loss Prevention Managers make a median salary of $50K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $51K.

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Experience Affects Loss Prevention Manager Salaries

Late-Career
up arrow 18%



National Average
$43,000


Skills That Affect Loss Prevention Manager Salaries

Security Policies and Procedures
up arrow 18%

Inventory Management
up arrow 17%

Inventory Control
up arrow 7%

People Management
up arrow 5%

Security Risk Management
up arrow 4%

National Average
$43,000

Safety Compliance
up arrow 2%

Investigation
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 99 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
3%
1-4 years
27%
5-9 years
31%
10-19 years
29%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 73%
medical benefits
Vision: 59%
dental benefits
None: 18%
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