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Retail Loss Prevention Specialists

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What Do Retail Loss Prevention Specialists Do?

Job 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.

List of Loss Prevention Specialist Job Duties

  • Respond to critical incidents, such as catastrophic events, violent weather, or civil disorders.
  • Apprehend shoplifters in accordance with guidelines.
  • Train establishment personnel in loss prevention activities.
  • Inspect buildings, equipment, or access points to determine security risks.
  • Investigate known or suspected internal theft, external theft, or vendor fraud.
  • Recommend methods to reduce potential financial fraud losses.

Loss Prevention Specialist Required Skills

When polled, Retail Loss Prevention Specialists say the following skills are most frequently used in their jobs:

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.

Speaking: Talking to others to convey information effectively.

Monitoring: Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Social Perceptiveness: Being aware of others’ reactions and understanding why they react as they do.

  • Retail Loss Prevention Investigator
  • Loss Prevention Supervisor
  • Asset Protection Agent
  • Asset Protection Greeter
  • Loss Prevention Officer

Job Outlook for Retail Loss Prevention Specialists

In 2016, there was an estimated number of 133,800 jobs in the United States for Protective Service Workers.

New jobs are being produced at a rate of 8.4% which is lower than average. The Bureau of Labor Statistics predicts 11,300 new jobs for Retail Loss Prevention Specialists by 2026. Due to new job openings and attrition, there will be an average of 35,200 job openings in this field each year.

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

The states with the most job growth for Protective Service Workers are New York, Texas, and California.

Watch out if you plan on working in New Jersey, Alaska, or Vermont. These states have the worst job growth for this type of profession.

How Much Does a Loss Prevention Specialist Make?

Protective Service Workers Make between $20,530 and $54,130 a year. The median salary for this occupation is $30,720.

Salary Ranges for Retail Loss Prevention Specialists

Below is a list of the median annual salaries for jobs of this type in different U.S. states.

Annual Mean Salary by State
State Annual Mean Salary

District of Columbia

$54,200

Virginia

$47,960

New Mexico

$47,310

Nevada

$44,560

Oklahoma

$44,330

North Dakota

$43,740

Iowa

$43,460

Washington

$42,450

Alaska

$42,150

Oregon

$41,900

Kentucky

$40,810

Connecticut

$40,040

California

$39,840

Maryland

$39,590

Louisiana

$38,600

Missouri

$38,230

North Carolina

$37,790

Georgia

$37,390

Wyoming

$37,350

Minnesota

$36,730

Massachusetts

$36,720

Utah

$36,690

Tennessee

$36,250

New Hampshire

$36,140

Wisconsin

$35,170

Colorado

$34,770

Florida

$34,390

Hawaii

$34,170

Arizona

$33,890

West Virginia

$33,490

Idaho

$33,470

Rhode Island

$33,200

Maine

$33,160

Montana

$32,950

South Carolina

$32,040

Mississippi

$31,980

Michigan

$31,920

New Jersey

$31,730

Ohio

$31,510

New York

$31,410

Arkansas

$31,120

Pennsylvania

$29,200

Illinois

$28,800

Indiana

$27,090

Texas

$27,070

Kansas

$27,000

Delaware

$26,810

Alabama

$26,370

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 Office
  • Microsoft Outlook
  • McAfee
  • Microsoft Word
  • Microsoft Excel
  • Microsoft PowerPoint
  • Symantec

Becoming a Loss Prevention Specialist

What education is needed to be a Retail Loss Prevention Specialist?

Loss Prevention Specialist Degree Level

What work experience do I need to become a Loss Prevention Specialist?

Loss Prevention Specialist Work Experience

Who Employs Retail Loss Prevention Specialists?

Loss Prevention Specialist Sectors

References

Bureau of Labor Statistics

College Factual

O*NET Online

Image Credit: Via Wikimedia Commons

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