What Does Loss Prevention Specialist Do?

Learn About the Salary, Required Skills, & More

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Most predominant shops rent loss prevention experts to fight the problem of theft by using both shoplifters and personnel. These specialized units provide protection for the shops, save you theft of products from could-be shoplifters, and recognize dishonest employees.

Loss prevention specialists are a crucial part of any successful retail business enterprise as they help to limit the damaging consequences of retail theft. Unscrupulous employees and less-than-honorable consumers account for nearly $7 billion in losses from retail theft each 12 months.

Loss Prevention Specialist Duties & Responsibilities

People who work in loss prevention appoint some of strategies to reduce the quantity of theft in shops.

Covertly display suspicious people with the aid of posing as consumers or tracking video feeds in a control room.

  • Stage investigations and stings on retail employees suspected of committing robbery or fraud at their very own save.
  • Safely recognize and detain capacity shoplifters.
  • Notify police so regulation enforcement officers could make an arrest.
  • Work with detectives and crook investigators to solve incidents of foremost thefts or other excessive profile retail crimes.
  • Provide courtroom testimony.

Loss prevents professionals paintings intently with each store control and law enforcement. When a shoplifter or employee is caught stealing, the expert can be asked to put in writing a supplemental report or a witness assertion for police.

Loss Prevention Specialist Salary

Entry-degree salaries in loss prevention frequently begin at or just above minimal wage.

  • Median Annual Salary: $35,680 ($17.15/hour)
  • Top 10% Annual Salary: More than $fifty six,500 ($27.16/hour)
  • Bottom 10% Annual Salary: Less than $23,500 ($eleven.30/hour)

There is full-size capability for development on this area, so that you can anticipate your profits to increase with education and experience.

Education, Training & Certification

This occupation would not require any unique training, however you will need a few education.

Education: A excessive school degree or GED is generally enough for entry-stage positions. An accomplice or bachelor's degree can aid profession development to a supervisory function.

Training: Most employers offer their personal large training and orientation.

Experience: Many loss prevention managers come from law enforcement backgrounds.

Most employers also require that you pass a history take a look at.

Loss Prevention Specialist Skills & Competencies

You'll want several competencies and qualities to succeed at becoming a loss prevention expert.

  • Communications abilities: You ought to preserve your supervisors and save managers informed of your activities, as well as have interaction with personnel to alert them to possible problems.
  • Calm demeanor: You should be capable of deal with individuals who might turn out to be emotional or angry while confronted and do your high-quality to diffuse such situations.
  • Observation competencies: A predominant thing of the activity entails watching buyers, figuring out suspicious behaviors, and taking suitable moves.
  • Physical health: You might be referred to as upon to shield your self and others if a suspected shoplifter will become violent or resistant upon apprehension.

Job Outlook

The need for loss prevention specialists will retain as retail theft continues to be a main supply of misplaced revenue for stores. Growth in the specialization is basically tied to boom within the retail industry. The U.S. Bureau of Labor Statistics anticipates 6% increase in this subject from 2016 through 2026, which is about average.

Work Environment

Loss prevention specialists in general paintings interior in most important retail stores. They often put on civilian garments to combination in with other consumers, however they might additionally wear uniforms or deliver some different shape of identity, together with a badge, to pick out them as keep safety. Your time is probably divided among surveilling via closed-circuit cameras and within the aisles.

Some human beings may additionally become violent or attempt to flee whilst confronted via retail protection employees. Loss prevention specialists can potentially end up injured in any confrontation or chase that could ensue. Most loss prevention specialists will are searching for police intervention as quickly as viable as a way of defensive themselves and others due to the fact their authority is constrained.

Work Schedule

This activity calls for running retail hours, which consist of weekends, evenings, and some minor vacations. Eight-hour shifts with rotating schedules are common.

How to Get the Job

GET CERTIFIED

Certification isn't always generally required but it is able to add immeasurably for your resume. The Loss Prevention Foundation (LPF) offers schooling and certification.

NETWORK FOR JOB OPPORTUNITIES

Consider joining the Loss Prevention Industry Professionals Association (LPIPA) for networking possibilities.

CONTINUE YOUR EDUCATION

Keep up with developments and improvements within the enterprise for the first-class hazard of development. is a should. Another gain of joining the LPIPA is that you can benefit more information about the industry, in addition to beneficial capabilities and know-how.

Comparing Similar Jobs

Some similar jobs and their median annual pay include: 

Source: U.S. Bureau of Labor Statistics, 2018