What You Need to Know About Retail Loss Prevention Specialist
Career 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.
Loss Prevention Specialist Responsibilities
- Investigate known or suspected internal theft, external theft, or vendor fraud.
- Recommend new or improved processes or equipment to reduce risk exposure.
- Perform covert surveillance of areas susceptible to loss, such loading docks, distribution centers, or warehouses.
- Monitor compliance with standard operating procedures for loss prevention, physical security, or risk management.
- Respond to critical incidents, such as catastrophic events, violent weather, or civil disorders.
- Conduct store audits to identify problem areas or procedural deficiencies.
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Loss Prevention Specialist Needed 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 Detective
- Retail Loss Prevention Specialist
- Store Protection Specialist
- Regional Loss Prevention Manager (Regional LP Manager)
- Asset Protection Agent
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.
Do Retail Loss Prevention Specialists Make A Lot Of Money?
The salary for Retail Loss Prevention Specialists ranges between about $20,530 and $54,130 a year.
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 |
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 or degrees do I need to become a Retail Loss Prevention Specialist?
What work experience do I need to become a Loss Prevention Specialist?
Who Employs Retail Loss Prevention Specialists?
Below are examples of industries where Retail Loss Prevention Specialists work:
References:
More about our data sources and methodologies.
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