What Does it Take to Be a Retail Loss Prevention Specialist?
Position Description 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.
Life As a Loss Prevention Specialist
- Train establishment personnel in loss prevention activities.
- Verify proper functioning of physical security systems, such as closed-circuit televisions, alarms, sensor tag systems, or locks.
- Monitor compliance with standard operating procedures for loss prevention, physical security, or risk management.
- Conduct employee background investigations and review reports with operational or human resources managers.
- Inspect buildings, equipment, or access points to determine security risks.
- Recommend methods to reduce potential financial fraud losses.
Loss Prevention Specialist Required Skills
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.
Other Loss Prevention Specialist Job Titles
- Loss Prevention Leader
- Security Associate
- Loss Prevention Specialist
- Loss Prevention Manager
- Asset Protection Greeter
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. The BLS estimates 35,200 yearly job openings in this field.
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.
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 |
What Tools do Retail Loss Prevention Specialists Use?
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
How to Become a Loss Prevention Specialist
What education is needed to be a Retail Loss Prevention Specialist?
How many years of work experience do I need?
Where Retail Loss Prevention Specialists Work
Below are examples of industries where Retail Loss Prevention Specialists work:
References:
More about our data sources and methodologies.
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