The average pay for a Loss Prevention Manager with Safety Compliance skills is $17.13 per hour.
The average pay for a Loss Prevention Manager with Safety Compliance skills is $49,041 per year.
|Salary||$35,293 - $71,073|
|Bonus||$0.00 - $6,440|
|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).)
|$33,055 - $66,435|
|Hourly Rate||$13.29 - $21.14|
|Overtime||$17.55 - $31.31|
|Bonus||$0.00 - $6,440|
|Total Pay (||$33,055 - $66,435|
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.Read More...
Since a lot of the job is about communication, the loss prevention manager is expected to communicate efficiently to be able to effectively conduct reviews with management, police, and employees. In addition, they also must be a team player, able to work with different personality types, assertive, able to work with discretion, and professional. They must also maintain confidentiality, have great attention to detail, and have excellent analytical skills.
While it is often not required, experience conducting legal or ethical investigations is often beneficial or preferred for loss prevention manager positions. Most loss prevention managers work in the retail sectors, and experience in that area is frequently beneficial or preferred.In terms of education, a bachelor's degree in criminal justice or a related field is preferred; however, a bachelor's degree in another field or relevant experience may be acceptable in lieu of formal education. (Copyright 2019 PayScale.com)
- 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.
Popular Employer Salaries for Loss Prevention Manager
Loss Prevention Manager Job Listings
Pay by Experience Level for Loss Prevention Manager
Pay by Experience for a Loss Prevention Manager has a positive trend. An entry-level Loss Prevention Manager with less than 5 years of experience can expect to earn an average total compensation of $39,000 based on 56 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Loss Prevention Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $43,000 based on 55 salaries. An experienced Loss Prevention Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $55,000 based on 48 salaries. A Loss Prevention Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $50,000 based on 15 salaries.
Key Stats for Loss Prevention Manager
Rated 5 out of 5
based on 57 votes.