Loss Prevention Officer Salary
|Salary||$24,694 - $55,643|
|Total Pay (||$20,634 - $37,181|
|Hourly Rate||$9.79 - $16.62|
|Overtime||$6.30 - $26.28|
|Total Pay (||$20,634 - $37,181|
Job Description for Loss Prevention Officer
Loss prevention officers help ensure that their company does not lose merchandise or goods through theft or other means. Basic day-to-day tasks include regular patrols in the field, completion of activity and incident reports, and the maintenance of security equipment. Depending on the size of the company, interaction with a team of other officers may occur; all positions require communication with managers and customers on a regular basis. Some companies require safety training prior to taking the position, both for handling accidents and for protecting company assets. Attention to detail and the ability to carefully follow company policies and requirements at all times are crucial to success in these positions.Read More...
Risks at the job are generally minimal, though stressful situations may occur and will require quick thinking and strong judgment skills. Most work is performed in an indoor environment, although some positions require outdoor patrols. Hours vary depending on the needs of their company, with some positions including overnight shifts and others limited to regular business operating hours. Positions as a loss prevention officer are available at a wide variety of retail locations ranging from local stores to more specialized environments such as hotels.
Job requirements are generally minimal for most openings, with basic requirements including a high school diploma or equivalent and experience with alarm systems. The job also has some physical requirements, such as vision and hearing, as well as the ability to sit, stand, or walk for extended periods of time. In addition to this, communication skills and basic computer skills are necessary to complete reports.
Loss Prevention Officer Tasks
- Conduct investigations into incidents and complaints.
- Direct managers on ways to mitigate inventory shrink.
- Patrol grounds, conduct surveillance and analyze surveillance monitors to detect suspected shoplifters.
- Respond to emergencies such as fire, accident, and safety concerns, and contact emergency personnel.
Popular Employer Salaries for Loss Prevention Officer
Heading up the field in terms of compensation, Marriott International, Inc. offers the most; Loss Prevention Officers earn $28K on average there.
The pay scale is far from balanced at Macy's, Inc.. While salaries on one end can reach $48K, the company's median pay sits at $25K, the lowest in the field.
Pay by Experience Level for Loss Prevention Officer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Loss Prevention Officers, more experience in the field does not usually mean bigger paychecks. Those who have worked for fewer than five years take home a median salary of $26K, and workers with five to 10 years of experience earn a higher $28K on average. Loss Prevention Officers with one to two decades of relevant experience report an average salary of approximately $31K. Loss Prevention Officers who surpass 20 years on the job report pay that isn't higher than those with 10 to 20 years.
Key Stats for Loss Prevention Officer
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