For Loss Prevention Managers, annual average wages total $48K per year. Total incomes of Loss Prevention Managers incorporate potential for, in a few cases, more than $8K from bonuses and close to $4K from profit sharing; these performance components cause packages to range between $31K and $72K. The most important factor affecting compensation for this group is geographic location, followed by the company and years of experience. The vast majority (80 percent) of Loss Prevention Managers who answered the questionnaire are male. For the most part, Loss Prevention Managers enjoy their work and report high levels of job satisfaction. In this profession, a fair number enjoy medical and dental coverage, and the greater part have vision insurance, as well. This snapshot results from replies to PayScale's salary survey.
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$36,087 - $73,393
(Median)
$36K
$48K
$73K
MEDIAN: $48,307
10%
50%
90%

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$12.45 - $20.87
(Median)
$12
$16
$21
MEDIAN: $16.00
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$25K$50K$75K
Salary
$36,087 - $73,393  
   
Bonus
$0.00 - $8,109  
Profit Sharing
$0.00 - $4,096  
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).
)
$31,328 - $71,736  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 274
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$12$24$36
Hourly Rate
$12.45 - $20.87  
   
Overtime
$17.70 - $32.35  
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$24K$48K$72K
Bonus
$0.00 - $8,109  
   
Profit Sharing
$0.00 - $4,096  
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).
)
$31,328 - $71,736  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 118
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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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While not commonly seen, Loss Prevention Managers who transition into a Director of Loss Prevention position may see a rise in pay. The median salary for Directors of Loss Prevention is $75K per year. A common career progression for a Loss Prevention Manager is to become a Regional Manager of Loss Prevention or a District Loss Prevention Investigator. Compared to Loss Prevention Managers, the first group earns $26K more on average, and the second group earns $6K more.

Loss Prevention Manager Job Listings

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Popular Employer Salaries for Loss Prevention Manager


Many Loss Prevention Managers can be found at Sears Holdings Corporation, Lowe's Companies, Inc, Kmart Corporation, Lowe's Home Improvement Inc., and Macy's, Inc., firms that are at the top of the field. JCPenney offers the largest salaries in town — $54K on average. Those in search of high salaries should also consider Macy's, Inc., Sears Holdings Corporation, and Lowe's Companies, Inc, top-paying firms where Loss Prevention Managers rake in a comfortable $47K, $46K, or $43K, respectively.

Kmart Corporation seems to offer the smallest paychecks with a median salary of only $35K. The pay range is quite narrow, too; compensation generally sits between $24K and $59K. Employees at Lowe's Home Improvement Inc., Target Corporation, and Kohl's Department Stores Inc can also expect below-average earnings of $41K, $41K, and $42K.

Popular Skills for Loss Prevention Manager


Loss Prevention Managers report using a pretty varied skill set on the job. Most notably, facility with Investigations, Security Policies and Procedures, and Inventory Management are correlated to pay that is significantly above average, leading to increases of 55 percent, 28 percent, and 12 percent, respectively. Skills that pay less than market rate include Investigation. For most people, competency in Safety Compliance indicates knowledge of Inventory Control.

Pay by Experience Level for Loss Prevention Manager

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


For Loss Prevention Managers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Folks with fewer than five years of experience take home $40K on average, and those who have worked for five to 10 years see a bigger median salary of $45K. After working for 10 to 20 years, Loss Prevention Managers make a median salary of $51K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $52K.

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Experience Affects Loss Prevention Manager Salaries

Late-Career
up arrow 15%


National Average
$45,000



Skills That Affect Loss Prevention Manager Salaries

Investigations
up arrow 55%

Security Policies and Procedures
up arrow 28%

Inventory Management
up arrow 12%

Security Risk Management
0%

People Management
0%

National Average
$45,000

Safety Compliance
up arrow 2%

Inventory Control
up arrow 2%

Investigation
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.

Gender

Female
20 %
Male
80 %

Years of Experience

Less than 1 year
4%
1-4 years
27%
5-9 years
29%
10-19 years
30%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 75%
medical benefits
Vision: 62%
dental benefits
None: 16%
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