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Loss Prevention Manager Salary

Loss Prevention Managers in the United States can expect to earn an average of $44K annually. With some bonuses approaching $8K and certain profit sharing proceeds approaching $4K, overall incomes of Loss Prevention Managers spread between $30K and $63K depending on individual performance. Earnings for this group are mostly affected by residence, followed by tenure and the specific company. Medical benefits are awarded to a strong majority, and a fair number earn dental coverage. 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. This report is based on responses to the PayScale salary survey.
$33,301 - $62,852
(Median)
33K
44K
52K
63K
MEDIAN: $43,511
10%
50%
75%
90%

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$10.88 - $19.12
(Median)
11
15
17
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$22K$44K$66K
Salary
$33,301 - $62,852  
   
Bonus
$0.00 - $7,624  
Profit Sharing
$0.00 - $4,027  
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).
)
$29,979 - $63,288  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 548
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
$10.88 - $19.12  
   
Overtime
$13.80 - $29.59  
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 - $7,624  
   
Profit Sharing
$0.00 - $4,027  
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).
)
$29,979 - $63,288  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 153
United States (change)

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 sometimes assume positions such as Directors of Loss Prevention. That role pays $74K per year on average. The most common next step for a Loss Prevention Manager is to become a Regional Manager of Loss Prevention or a District Loss Prevention Investigator. The former position pays an additional $28K per year on average, and the latter position pays $10K more per year.

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 $44K, though there is little variation overall ($33K to $55K).

With a median salary of only $36K, Kmart Corporation pays the least. It seems that the compensation range of $26K to $49K isn't that wide, either.


Survey results imply that Loss Prevention Managers put a diverse skill set to use. Most notably, skills in Inventory Control, People Management, Security Risk Management, and Security Policies and Procedures are correlated to pay that is above average, with boosts between 9 percent and 13 percent. Skills that are correlated to lower pay, on the other hand, 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.


Experience does not seem to be a strong driver of pay increase in this role. Salaries for the relatively untried average out to around $38K, but survey participants with five to 10 years of experience earn a significantly higher median of $42K. The average pay reported by folks with 10 to 20 years of experience is around $46K. Loss Prevention Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $51K on average.

Related Job Salaries

Experience Affects Loss Prevention Manager Salaries

Late-Career
up arrow 22%



National Average
$42,000

Entry-Level
up arrow 9%

Skills That Affect Loss Prevention Manager Salaries

Inventory Control
up arrow 13%

People Management
up arrow 10%


Security Policies and Procedures
up arrow 6%

Safety Compliance
0%

National Average
$42,000

Investigation
up arrow 11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 128 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
33%
10-19 years
27%
20 years or more
10%

Common Health Benefits

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