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What You Need to Know About Retail Loss Prevention Specialist
Loss Prevention Specialist 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.
Life As a Loss Prevention Specialist: What Do They Do?
- Implement or monitor processes to reduce property or financial losses.
- Investigate known or suspected internal theft, external theft, or vendor fraud.
- Conduct employee background investigations and review reports with operational or human resources managers.
- Respond to critical incidents, such as catastrophic events, violent weather, or civil disorders.
- Maintain documentation or reports on security-related incidents or investigations.
- Apprehend shoplifters in accordance with guidelines.
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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.
Types of Loss Prevention Specialist Jobs
- Loss Prevention Service Representative
- Loss Prevention Leader
- Retail Asset Protection Specialist
- Retail Loss Prevention Specialist
- Protection Specialist
Job Demand for Retail Loss Prevention Specialists
There were about 133,800 jobs for Retail Loss Prevention Specialist in 2016 (in the United States). 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.
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
Becoming a Loss Prevention Specialist
What kind of Retail Loss Prevention Specialist requirements are there?
How many years of work experience do I need?
References:
More about our data sources and methodologies.
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