Retail Loss Prevention Specialists: Salary, Job Description, How To Become One, and Quiz

Stan T.Career, OverviewLeave a Comment

Job description

Retail Loss Prevention Specialists 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.

  • Investigate known or suspected internal theft, external theft, or vendor fraud.
  • Implement or monitor processes to reduce property or financial losses.
  • Identify and report merchandise or stock shortages.
  • Maintain documentation or reports on security-related incidents or investigations.
Read more about what does a Retail Loss Prevention Specialist really do at work and what is it like being and working as one.



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Salary

Average salary
$34650 per year

Average hourly wage
$17 per hour


Loss Prevention Associates with little to no experience tend to make between $20530 and $23730 while the more experienced ones can earn over $40460 per year.

Top 5 paying statesHourlyAnnual
DC$26$54,200
VA$23$47,960
NM$23$47,310
NV$21$44,560
OK$21$44,330

One of the easiest ways to increase your salary as a Retail Loss Prevention Specialist is to move to a higher paying state like DC. Right now, the highest paying states for Loss Prevention Associates are DC, VA, NM, NV and OK.

However, a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.

Three other factors that can increase your salary as a Retail Loss Prevention Specialist is the degree you hold, the industry you work in, and lastly the company you work for.


Requirements

Recommended degree level
High School Diploma (or GED)

We asked other Loss Prevention Associates what degree they had when they got the job and most of them said they had a High School Diploma followed by an Associate’s Degree.

Other than that, we also asked them what did they major in and here are the most popular majors that came up.

No degree required
Read more about how to become a Retail Loss Prevention Specialist and the degree, training and education you need.

Pros and Cons

Here are some of the pros and cons of being a Retail Loss Prevention Specialist.

PROS
Suitable for people who likes to start and carry out projects
Suitable for people who wants independence and likes to work on their own and make decisions
This career is perfect for people who love to work indoors.
It is easy to get into this career. Some previous work-related skill, knowledge, or experience is required for this career.
Normal working hours (40 hours per week)
CONS
Not suitable for people who likes to help and teach others
One of the lowest paying jobs

What is the job like

Job satisfaction
70%

Is this job meaningful
72%


70% of Loss Prevention Associates said they were satisfied with their job and 72% said they feel like their job is making other people’s lives better.


Is this right for me

Best personality for this career
The Entrepreneurs and The Organizers

You can read more about these career personality types here.

People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business..

They also like following set procedures and routines. They like working with data and details more than with ideas.




Learn more about Retail Loss Prevention Specialists

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Asset Protection Associate (APA), Asset Protection Lead, Asset Protection Specialist, Loss Prevention Agent, Loss Prevention Associate (LPA), Loss Prevention Detective, Loss Prevention Investigator, Loss Prevention Leader, Loss Prevention Manager, Loss Prevention Officer

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