Loss Prevention Manager Salary

Median pay for Loss Prevention Managers in the United States lies in the neighborhood of $45K per year. Lower pay rates hover around $30K, and the higher rates verge 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. Earnings for this group are mostly affected by location, followed by experience level and the individual firm. A fair number report receiving medical coverage from their employers and a strong majority collect dental insurance. Most Loss Prevention Managers survey respondents are men (78 percent). Most Loss Prevention Managers like their work and job satisfaction is high. Respondents to the PayScale salary survey provided the data for this report.
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$34,305 - $64,885
(Median)
$34K
$45K
$65K
MEDIAN: $44,884
10%
50%
90%

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$11.02 - $19.14
(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
$34,305 - $64,885  
   
Bonus
$0.00 - $7,190  
Profit Sharing
$0.00 - $3,973  
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).
)
$30,186 - $64,258  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 507
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 - $19.14  
   
Overtime
$13.66 - $29.71  
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 - $7,190  
   
Profit Sharing
$0.00 - $3,973  
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).
)
$30,186 - $64,258  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | 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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Though not the most common occurrence, Loss Prevention Managers sometimes become Directors of Loss Prevention, where the average income is $74K per year. It is quite typical for Loss Prevention Managers to transition into roles as Regional Managers of Loss Prevention or District Loss Prevention Investigators, where reported median earnings are $27K and $8K higher per year.

Loss Prevention Manager Job Listings

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Popular Employer Salaries for Loss Prevention Manager


Sears Holdings Corporation, Kmart Corporation, Macy's, Inc., Lowe's Home Improvement Inc., and Lowe's Companies, Inc are some prominent firms with considerable interest in employing a large team of Loss Prevention Managers. Loss Prevention Managers in search of the best pay head to Macy's, Inc., where the median salary rolls in at $46K. Although pay is top-notch overall, it does seem to be curbed at $57K, which isn't dramatically higher than the lower-end figure of $35K.

Offering a median salary of only $36K, Kmart Corporation gives out the smallest paychecks. Furthermore, the earnings range of $25K to $50K isn't that wide, either.

Popular Skills for Loss Prevention Manager


Loss Prevention Managers report using a diverse set of skills on the job. 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 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.


Loss Prevention Managers do not generally earn higher incomes from more experience in the field. 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 bring in $48K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $51K, which is barely higher than the median for folks with 10 to 20 years of experience.

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Experience Affects Loss Prevention Manager Salaries

Late-Career
up arrow 19%



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%

Security Risk Management
up arrow 4%

National Average
$43,000

Safety Compliance
up arrow 1%

Investigation
up arrow 14%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 111 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
3%
1-4 years
28%
5-9 years
31%
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: 19%
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