Loss Prevention Manager Salary

Median pay for Loss Prevention Managers in the United States lies in the neighborhood of $45K annually. The income range spans the entire spectrum between $30K and $64K per year. With some bonuses approaching $7K and certain profit sharing proceeds approaching $4K, overall incomes of Loss Prevention Managers spread between $30K and $64K depending on individual performance. Geographic location is the biggest factor affecting pay for this group, followed by experience level and the particular employer. Medical benefits are awarded to a strong majority, and a fair number earn dental coverage. Making up 77 percent of those who took the survey, male Loss Prevention Managers greatly outnumber their female counterparts. For the most part, Loss Prevention Managers enjoy their work and report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$34,398 - $64,646
(Median)
$34K
$45K
$65K
MEDIAN: $44,906
10%
50%
90%

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$11.02 - $19.15
(Median)
$11
$15
$19
MEDIAN: $14.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Salary
$34,398 - $64,646  
   
Bonus
$0.00 - $7,210  
Profit Sharing
$0.00 - $3,945  
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).
)
$30,173 - $64,075  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 506
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$11.02 - $19.15  
   
Overtime
$13.59 - $29.75  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $7,210  
   
Profit Sharing
$0.00 - $3,945  
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).
)
$30,173 - $64,075  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 163
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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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Loss Prevention Managers do not often transition into Director of Loss Prevention roles. The role averages $74K per year. Regional Managers of Loss Prevention or District Loss Prevention Investigators are common next-step roles for Loss Prevention Managers moving up in their careers; annual pay for Regional Managers of Loss Prevention is $27K higher on average, and it's $8K higher for District Loss Prevention Investigators.

Loss Prevention Manager Job Listings

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Popular Employer Salaries for Loss Prevention Manager


Dominating the field, Sears Holdings Corporation, Kmart Corporation, Macy's, Inc., Lowe's Home Improvement Inc., and Lowe's Companies, Inc are top firms with a reputation for hiring a great number of Loss Prevention Managers. 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.

Though certain workers may see earnings of up to $50K, Kmart Corporation still falls short in the compensation department — the median pay is only $36K, the lowest in the field.

Popular Skills for Loss Prevention Manager


Survey results show that Loss Prevention Managers use a fair number of skills. 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 11 percent and 19 percent. Skills that are correlated to lower pay, on the other hand, include Investigation. Those familiar with Safety Compliance also tend to 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. People who have worked for fewer than five years bring home $39K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $43K. Loss Prevention Managers who work for 10 to 20 years in their occupation tend to earn about $49K. 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.

Related Job Salaries

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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 19%

Inventory Management
up arrow 17%

Inventory Control
up arrow 11%

People Management
up arrow 7%


Safety Compliance
0%

National Average
$43,000

Investigation
up arrow 13%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 108 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
3%
1-4 years
28%
5-9 years
32%
10-19 years
28%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 72%
vision benefits Vision: 57% employee benefits None: 20%
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