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Retail Loss Prevention Specialist

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What You Need to Know About Retail Loss Prevention Specialist

Loss Prevention Specialist Definition 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.

List of Loss Prevention Specialist Job Duties

  • Conduct store audits to identify problem areas or procedural deficiencies.
  • Identify and report merchandise or stock shortages.
  • Testify in civil or criminal court proceedings.
  • Identify and report safety concerns to maintain a safe shopping and working environment.
  • Train establishment personnel in loss prevention activities.
  • Recommend new or improved processes or equipment to reduce risk exposure.

Skills Needed to be a Loss Prevention Specialist

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.

Types of Retail Loss Prevention Specialist

  • Asset Protection Lead
  • Loss Prevention Leader
  • Loss Prevention Service Representative
  • Asset Protection Specialist
  • Loss Prevention Guard

What Kind of Loss Prevention Specialist Job Opportunities Are There?

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. The BLS estimates 35,200 yearly job openings in this field.

Forecasted Number of Jobs for Retail Loss Prevention Specialists in U.S.

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

Retail Loss Prevention Specialists make between $20,530 and $54,130 a year.

Salary Ranges for Retail Loss Prevention Specialists

Retail Loss Prevention Specialists who work in District of Columbia, Virginia, or Nevada, make the highest salaries.

Below is a list of the median annual salaries for Retail Loss Prevention Specialists in different U.S. states.

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

Although they’re not necessarily needed for all jobs, the following technologies are used by many Retail Loss Prevention Specialists:

  • Microsoft Excel
  • Microsoft Word
  • Microsoft Office
  • Microsoft PowerPoint
  • Microsoft Outlook
  • Database software
  • Symantec
  • McAfee
  • Case management system software

How do I Become a Loss Prevention Specialist?

Learn what Retail Loss Prevention Specialist education requirements there are.

Loss Prevention Specialist Degree Level

How many years of work experience do I need?

Loss Prevention Specialist Work Experience

Who Employs Retail Loss Prevention Specialists?

Loss Prevention Specialist Sectors

The table below shows some of the most common industries where those employed in this career field work.

Loss Prevention Specialist Industries

References:

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More about our data sources and methodologies.

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