Loss prevention is kind of a fancy way to say security in retail. Businesses lose a lot of money to shoplifters and are interested in preventing those losses by developing strategies to catch thieves and protecting merchandise. Shoplifters may work hard, but a director of loss prevention works harder.
The director of loss prevention usually oversees a whole team of security guards and loss prevention specialists to prevent theft. They help plan out physical security plans to discourage shoplifting, analyze a store's financial records to pinpoint when and where loss occurs, and develop new strategies to protect merchandise.
A director of loss prevention needs years of experience in security or loss prevention in order to develop the necessary practical expertise, such as knowing how to use CCTV technology, before working their way up to this position. Often, they also have a bachelor's degree or even a master's degree in business or a related field.
There is more than meets the eye when it comes to being a director-loss prevention. For example, did you know that they make an average of $45.27 an hour? That's $94,168 a year!
There are certain skills that many directors-loss prevention have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, leadership skills and management skills.
When it comes to the most important skills required to be a director-loss prevention, we found that a lot of resumes listed 15.2% of directors-loss prevention included infection control, while 13.8% of resumes included osha, and 5.6% of resumes included action plans. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the director-loss prevention job title. But what industry to start with? Most directors-loss prevention actually find jobs in the retail and hospitality industries.
If you're interested in becoming a director-loss prevention, one of the first things to consider is how much education you need. We've determined that 49.4% of directors-loss prevention have a bachelor's degree. In terms of higher education levels, we found that 20.5% of directors-loss prevention have master's degrees. Even though most directors-loss prevention have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a director-loss prevention. When we researched the most common majors for a director-loss prevention, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on director-loss prevention resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a director-loss prevention. In fact, many director-loss prevention jobs require experience in a role such as loss prevention manager. Meanwhile, many directors-loss prevention also have previous career experience in roles such as regional loss prevention manager or police officer.