Loss Prevention Manager Salary

Loss Prevention Managers in the United States take home approximately $45K per year on average. The bottom of the pay range sits near $30K, and the top verges on $64K per year. Total cash compensation to Loss Prevention Managers bottoms out near $30K and approaches $64K on the high end; the biggest paychecks include approximately $7K from bonuses and almost $4K from profit sharing. The most influential factor affecting pay for this group is residence, though career duration and the individual firm have a (lesser) impact as well. A fair number enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Generally, women make up less than a third of all Loss Prevention Managers who answered the questionnnaire. Most workers in this position report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$34,391 - $64,799

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$11.05 - $19.06

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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$22K$44K$66K
Salary
$34,391 - $64,799  
   
Bonus
$0.00 - $7,077  
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).
)
$30,211 - $64,122  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 505
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
$11.05 - $19.06  
   
Overtime
$13.50 - $29.39  
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 - $7,077  
   
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).
)
$30,211 - $64,122  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 160
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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. Loss Prevention Managers most often move into positions as Regional Managers of Loss Prevention or District Loss Prevention Investigators; those groups report median salaries that are $27K higher and $8K higher, respectively.

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. With a median salary of $46K, Macy's, Inc. offers Loss Prevention Managers the highest pay. However, earnings don't seem to live on a large spectrum; they generally peter out at $35K and are capped at $57K.

Kmart Corporation reports the lowest median salary in the area (it's only $36K) but some workers make up to $50K, indicating a rather large gap in employee earnings.

Popular Skills for Loss Prevention Manager


Survey results suggest that Loss Prevention Managers use a fairly large toolkit of professional 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. Most people who know 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.


For many Loss Prevention Managers, extensive experience does not lead to significantly more money. Those who have worked for fewer than five years take home a median salary of $39K, and workers with five to 10 years of experience earn a higher $43K on average. Loss Prevention Managers bring in $49K after working for 10 to 20 years. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $51K on average.

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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 14%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 103 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
31%
10-19 years
28%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 72%
vision benefits Vision: 57% employee benefits None: 19%
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