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Loss Prevention Manager Salary (United States)

Loss Prevention Managers in the United States can typically expect wages of $43K per year. Total cash compensation to Loss Prevention Managers approaches anywhere from $29K on the lower end to $62K on the higher end; in exceptional cases, this can include more than $8K from bonuses and upwards of $5K from profit sharing. Geographic location is the main element affecting pay for this group — career duration and the specific company are driving factors as well. A fair portion report receiving medical coverage from their employers and most collect dental insurance. Making up 79 percent of the field, male Loss Prevention Managers greatly outnumber their female counterparts. Job satisfaction is high and work is enjoyable for most Loss Prevention Managers. Responses to PayScale's salary questionnaire form the basis for this outline.
Loss Prevention Manager Salary (?
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.
)
$32,639 - $61,521
(Median)
33K
43K
51K
62K
MEDIAN: $42,782
10%
50%
75%
90%
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Loss Prevention Manager Salary (?
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.
)
$10.81 - $18.87
(Median)
11
14
16
19
MEDIAN: $14.00
10%
50%
75%
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$21K$42K$63K
Salary
$32,639 - $61,521  
   
Bonus
$0.00 - $7,885  
Profit Sharing
$0.00 - $4,894  
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).
)
$29,430 - $62,289  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 580
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
$10.81 - $18.87  
   
Overtime
$12.58 - $29.00  
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 - $7,885  
   
Profit Sharing
$0.00 - $4,894  
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).
)
$29,430 - $62,289  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 164
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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 Directors of Loss Prevention roles. The role tends to pay $73K per year. Career advancement for the typical Loss Prevention Manager often leads to becoming a Regional Manager of Loss Prevention or a District Loss Prevention Investigator; median salaries in these positions are $29K higher and $10K higher, respectively.

Loss Prevention Manager Job Listings

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Popular Employer Salaries for Loss Prevention Manager

Macy's, Inc. pays the most with a median salary of $42K, though there is little variation overall ($31K to $54K).
The consistently lowest paying firm is Kmart Corporation, where the median salary is just $36K. There isn't much variation there, either; the pay scale ranges only from $25K to $49K. Also sliding in at the lower end of the scale is Sears Holdings Corporation.

Survey results suggest that Loss Prevention Managers put a wide range of professional skills to use. Most notably, facility with People Management, Inventory Control, and Security Risk Management are correlated to pay that is significantly above average, leading to increases of 27 percent, 14 percent, and 12 percent, respectively. Skills that pay less than market rate include Investigation. Experience with Safety Compliance is often linked with knowledge of Security Risk Management.

Pay by Experience Level for Loss Prevention Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Loss Prevention Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Survey participants with less than five years' experience pocket $37K on average, but those with five to 10 years of experience enjoy a much bigger median of $42K. On average, Loss Prevention Managers make $47K following one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $52K, but it's not much more than what less experienced people make. One to nine years of experience is standard for most employees in this area; more than half of respondents fit between this range. Experienced employees who have 10-20 years of experience make up approximately one in four of the workforce; inexperienced individuals who have been working for less than one year comprise less than two percent, and senior people with more than 20 years under their belt fill out the remaining less than one-tenth.

Pay Difference By Location

San Francisco
up arrow 36%
Nashville
up arrow 36%
New York
up arrow 32%
Los Angeles
up arrow 20%
Dallas
up arrow 5%
Seattle
up arrow 2%
National Average
$41,000
Houston
up arrow 4%
Larger circles over a city indicate a job is popular in that location.
For Loss Prevention Managers, working in the bustling city of Nashville has its advantages, including an above-average pay rate. Other big spenders include San Francisco, New York, Los Angeles, and Dallas, top-paying cities where Loss Prevention Managers see paychecks higher than average (+36 percent, +32 percent, +20 percent, and +5 percent). With compensation 4 percent below the national average, Houston is not known for hefty paychecks and actually represents the lowest-paying market.

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Experience Affects Loss Prevention Manager Salaries

Late-Career
up arrow 25%
National Average
$41,000
Entry-Level
up arrow 11%

Skills That Affect Loss Prevention Manager Salaries

People Management
up arrow 27%
Inventory Control
up arrow 14%
Security Policies and Procedures
up arrow 7%
National Average
$41,000
Safety Compliance
up arrow 1%
Investigation
up arrow 10%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 146 votes.

Gender

Female
21%
female alumni
 
Male
79%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
30%
5-9 years
33%
10-19 years
25%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 71%
vision benefits Vision: 56% employee benefits None: 20%