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Loss Prevention Managers

	Median Wage (USD, 2024)	Projected Job Openings (2023-2033)	Projected Growth (2023-2033)
National Statistics	$136,550	105800	5.7%
State Statistics	-	-	-
City Statistics	-	-	-

Statistics

National

State

City

State

City

$136,550

Median Wage (USD, 2023)

105800

Projected Job Openings (2023-2033)

5.7%

Projected Growth (2023-2033)

Plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.

Experience Requirements Overview

Job Zone Four: Considerable Preparation Needed
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Most of these occupations require a four-year bachelor's degree, but some do not.
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Education, Training and Experience

Required Level of Education: Bachelor's Degree

Related Work Experience: Over 4 years, up to and including 6 years

On-Site or In-Plant Training: Up to and including 1 month

On-the-Job Training: Over 1 month, up to and including 3 months

Detailed Work Activities

Examine financial records to ensure compliance with policies or regulations.
Monitor flow of cash or other resources.
Develop emergency response plans or procedures.
Monitor organizational procedures to ensure proper functioning.
Develop computer or information systems.
Interview employees, customers, or others to collect information.
Manage organizational security activities.
Advise others on business or operational matters.
Determine operational compliance with regulations or standards.
Inspect condition or functioning of facilities or equipment.
Conduct employee training programs.
Manage organizational security activities.
Recommend organizational process or policy changes.
Conduct financial or regulatory audits.
Supervise employees.
Hire personnel.
Maintain operational records.
Manage organizational security activities.
Conduct financial or regulatory audits.
Manage organizational security activities.
Establish interpersonal business relationships to facilitate work activities.
Investigate crimes committed within organizations.
Investigate illegal or suspicious activities.
Communicate with government agencies.
Determine resource needs.
Analyze forecasting data to improve business decisions.
Advise others on legal or regulatory compliance matters.
Monitor organizational compliance with regulations.
Analyze risks to minimize losses or damages.
Develop operating strategies, plans, or procedures.
Manage organizational security activities.

Work Values

Achievement

Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.

Working Conditions

Recognition

Relationships

Support

Independence

Tasks

Collaborate with law enforcement to investigate and solve external theft or fraud cases.
Coordinate or conduct internal investigations of problems such as employee theft and violations of corporate loss prevention policies.
Administer systems and programs to reduce loss, maintain inventory control, or increase safety.
Review loss prevention exception reports and cash discrepancies to ensure adherence to guidelines.
Train loss prevention staff, retail managers, or store employees on loss control and prevention measures.
Investigate or interview individuals suspected of shoplifting or internal theft.
Provide recommendations and solutions in crisis situations such as workplace violence, protests, and demonstrations.
Identify potential for loss and develop strategies to eliminate it.
Hire or supervise loss prevention staff.
Advise retail managers on compliance with applicable codes, laws, regulations, or standards.
Develop and maintain partnerships with federal, state, or local law enforcement agencies or members of the retail loss prevention community.
Perform or direct inventory investigations in response to shrink results outside of acceptable ranges.
Maintain documentation of all loss prevention activity.
Assess security needs across locations to ensure proper deployment of loss prevention resources, such as staff and technology.
Monitor compliance to operational, safety, or inventory control procedures, including physical security standards.
Verify correct use and maintenance of physical security systems, such as closed-circuit television, merchandise tags, and burglar alarms.
Visit stores to ensure compliance with company policies and procedures.
Analyze retail data to identify current or emerging trends in theft or fraud.
Direct loss prevention audit programs including target store audits, maintenance audits, safety audits, or electronic article surveillance (EAS) audits.
Coordinate theft and fraud investigations involving career criminals or organized group activities.
Supervise surveillance, detection, or criminal processing related to theft and criminal cases.
Perform cash audits and deposit investigations to fully account for store cash.
Recommend improvements in loss prevention programs, staffing, scheduling, or training.
Direct installation of covert surveillance equipment, such as security cameras.
Monitor and review paperwork procedures and systems to prevent error-related shortages.
Advise retail establishments on development of loss-investigation procedures.
Maintain databases such as bad check logs, reports on multiple offenders, and alarm activation lists.

Work Styles

Leadership

Job requires a willingness to lead, take charge, and offer opinions and direction.

Achievement/Effort

Persistence

Initiative

Cooperation

Concern for Others

Social Orientation

Self-Control

Stress Tolerance

Adaptability/Flexibility

Dependability

Attention to Detail

Integrity

Independence

Innovation

Analytical Thinking

Data Source: This page includes information from the O*NET 30.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. This page includes Employment Projections program, Occupational Employment and Wage Statistics program, U.S. Bureau of Labor Statistics.

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