Avg. Base Salary (USD)
The average salary for a Loss Prevention Manager is $55,148
What is the Pay by Experience Level for Loss Prevention Managers?
An entry-level Loss Prevention Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $44,647 based on 7 salaries. An early career Loss Prevention Manager with 1-4 years of experience earns an average total compensation of $48,319 based on 72 …Read more
What Do Loss Prevention Managers Do?
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 …Read more
- 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.
- 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.