Life As a Retail Loss Prevention Specialist
Loss Prevention Specialist Example Implement procedures and systems to prevent merchandise loss. Conduct audits and investigations of employee activity. May assist in developing policies, procedures, and systems for safeguarding assets.
What Do Retail Loss Prevention Specialists Do On a Daily Basis?
- Conduct employee background investigations and review reports with operational or human resources managers.
- Coordinate with risk management, human resources, or other departments to assist in company programs, investigations, or training.
- Inspect buildings, equipment, or access points to determine security risks.
- Direct work of contract security officers or other loss prevention agents.
- Prepare written reports on investigations.
- Train establishment personnel in loss prevention activities.
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What Every Loss Prevention Specialist Should Know
Below is a list of the skills most Retail Loss Prevention Specialists say are important on the job.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Monitoring: Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Speaking: Talking to others to convey information effectively.
Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Social Perceptiveness: Being aware of others’ reactions and understanding why they react as they do.
Related Job Titles for this Occupation:
- Loss Prevention Service Representative
- Loss Prevention Supervisor
- Loss Prevention Manager
- Asset Protection Specialist
- Regional Loss Prevention Manager (Regional LP Manager)
Are There Job Opportunities for Retail Loss Prevention Specialists?
In 2016, there was an estimated number of 133,800 jobs in the United States for Retail Loss Prevention Specialist. New jobs are being produced at a rate of 8.4% which is above the national average. The Bureau of Labor Statistics predicts 11,300 new jobs for Retail Loss Prevention Specialist by 2026. There will be an estimated 35,200 positions for Loss Prevention Specialist per year.
The states with the most job growth for Loss Prevention Specialist are Texas, Nevada, and Washington. Watch out if you plan on working in New Jersey, Alaska, or Connecticut. These states have the worst job growth for this type of profession.
Average Retail Loss Prevention Specialists Salary
The average yearly salary of a Loss Prevention Specialist ranges between $20,530 and $54,130.
Retail Loss Prevention Specialists who work in District of Columbia, Virginia, or Nevada, make the highest salaries.
How much do Retail Loss Prevention Specialists make in each U.S. state?
| State | Annual Mean Salary |
|---|---|
| Alabama | $26,370 |
| Alaska | $42,150 |
| Arizona | $33,890 |
| Arkansas | $31,120 |
| California | $39,840 |
| Colorado | $34,770 |
| Connecticut | $40,040 |
| Delaware | $26,810 |
| District of Columbia | $54,200 |
| Florida | $34,390 |
| Georgia | $37,390 |
| Hawaii | $34,170 |
| Idaho | $33,470 |
| Illinois | $28,800 |
| Indiana | $27,090 |
| Iowa | $43,460 |
| Kansas | $27,000 |
| Kentucky | $40,810 |
| Louisiana | $38,600 |
| Maine | $33,160 |
| Maryland | $39,590 |
| Massachusetts | $36,720 |
| Michigan | $31,920 |
| Minnesota | $36,730 |
| Mississippi | $31,980 |
| Missouri | $38,230 |
| Montana | $32,950 |
| Nevada | $44,560 |
| New Hampshire | $36,140 |
| New Jersey | $31,730 |
| New Mexico | $47,310 |
| New York | $31,410 |
| North Carolina | $37,790 |
| North Dakota | $43,740 |
| Ohio | $31,510 |
| Oklahoma | $44,330 |
| Oregon | $41,900 |
| Pennsylvania | $29,200 |
| Rhode Island | $33,200 |
| South Carolina | $32,040 |
| Tennessee | $36,250 |
| Texas | $27,070 |
| Utah | $36,690 |
| Virginia | $47,960 |
| Washington | $42,450 |
| West Virginia | $33,490 |
| Wisconsin | $35,170 |
| Wyoming | $37,350 |
Tools & Technologies Used by Retail Loss Prevention Specialists
Below is a list of the types of tools and technologies that Retail Loss Prevention Specialists may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Database software
- Symantec
- McAfee
- Case management system software
Becoming a Loss Prevention Specialist
What education or degrees do I need to become a Retail Loss Prevention Specialist?
How Long Does it Take to Become a Loss Prevention Specialist?
Where Retail Loss Prevention Specialists Are Employed
The table below shows the approximate number of Retail Loss Prevention Specialists employed by various industries.
References:
More about our data sources and methodologies.
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