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Retail Loss Prevention Specialist

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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.

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.

  • 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.

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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.

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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?

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How Long Does it Take to Become a Loss Prevention Specialist?

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Where Retail Loss Prevention Specialists Are Employed

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The table below shows the approximate number of Retail Loss Prevention Specialists employed by various industries.

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References:

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More about our data sources and methodologies.

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