Loss Prevention Manager Salary

Median pay for Loss Prevention Managers in the United States is around $46K per year. Total cash compensation for Loss Prevention Managers runs from $31K to $66K depending on bonuses that can occasionally exceed $7K and profit sharing that can reach almost $4K. Earnings for this group are mostly affected by geographic location, followed by career length and the particular employer. Most workers in this position report high levels of job satisfaction. Most Loss Prevention Managers survey respondents are men (77 percent). A fair number enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$34,605 - $67,377
(Median)
$35K
$46K
$67K
MEDIAN: $45,593
10%
50%
90%

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$11.38 - $19.47
(Median)
$11
$15
$19
MEDIAN: $15.00
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$23K$46K$69K
Salary
$34,605 - $67,377  
   
Bonus
$0.00 - $6,926  
Profit Sharing
$0.00 - $4,000  
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).
)
$30,749 - $65,507  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 501
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
$11.38 - $19.47  
   
Overtime
$14.63 - $29.35  
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$22K$44K$66K
Bonus
$0.00 - $6,926  
   
Profit Sharing
$0.00 - $4,000  
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).
)
$30,749 - $65,507  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 170
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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 who advance into the role of a Director of Loss Prevention are fairly uncommon. Directors of Loss Prevention on average earn $74K per year. Regional Managers of Loss Prevention or District Loss Prevention Investigators are common next-step roles for Loss Prevention Managers moving up in their careers; annual pay for Regional Managers of Loss Prevention is $27K higher on average, and it's $8K higher for District Loss Prevention Investigators.

Loss Prevention Manager Job Listings

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Popular Employer Salaries for Loss Prevention Manager


Leading companies who hire large numbers of Loss Prevention Managers include Sears Holdings Corporation, Macy's, Inc., Kmart Corporation, Lowe's Home Improvement Inc., and Lowe's Companies, Inc. Macy's, Inc. pays the most with a median salary of $46K, though there is little variation overall ($35K to $57K). Loss Prevention Managers can also look forward to large paychecks at Lowe's Companies, Inc ($42K), Kohl's Department Stores Inc ($41K), and Sears Holdings Corporation ($41K).

Though lagging the field in terms of compensation — Target Corporation offers the lowest median salary at $35K — pay within the company still varies considerably between $27K and $75K. Kmart Corporation, Lowe's Home Improvement Inc., and Sears Holdings Corporation also scrape the bottom of the pay scale, with median earnings hovering around $36K, $41K, and $41K.

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 7 percent and 18 percent. Skills that pay less than market rate include Investigation. Most people skilled in Safety Compliance are similarly competent in 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 with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. 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 $44K on average. Loss Prevention Managers who work for 10 to 20 years in their occupation tend to earn about $50K. 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 18%

Inventory Management
up arrow 17%

Inventory Control
up arrow 7%

People Management
up arrow 5%

Security Risk Management
up arrow 4%

National Average
$43,000

Safety Compliance
up arrow 2%

Investigation
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 99 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
3%
1-4 years
27%
5-9 years
31%
10-19 years
29%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 73%
medical benefits
Vision: 59%
dental benefits
None: 18%
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