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Loss control consultant hiring summary. Here are some key points about hiring loss control consultants in the United States:
Here's a step-by-step loss control consultant hiring guide:
A loss control consultant will usually work for an insurance company, a private agency, or as an independent consultant firm. They could also be referred to as an LLC. The main role is to survey businesses for property or casualty concerning worker's compensation, automobiles, and liability in general. They identify potential exposures to loss and how a business can avoid this loss. These professionals find ways to protect employees from injuries, loss of products due to shoplifting, or avoiding financial liability related to accidents.
First, determine the employments status of the loss control consultant you need to hire. Certain loss control consultant roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A loss control consultant's background is also an important factor in determining whether they'll be a good fit for the position. For example, loss control consultants from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of loss control consultant salaries for various roles:
| Type of Loss Control Consultant | Description | Hourly rate |
|---|---|---|
| Loss Control Consultant | $28-53 | |
| Director-Loss Prevention | The loss prevention director's role is to safeguard company assets by continuously maintaining and improving store profitability by implementing and developing security and safety programs for employees and customers. Typically, they manage a retail store's inventory loss due to shoplifting, cash handling theft, error, or any fraudulent activity... Show more | $29-64 |
| Regional Loss Prevention Manager | The key role of a Regional Loss Prevention Manager is to protect company assets and improve profitability through developing and implementing security and safety programs. They also conduct and deliver in-store training programs to the personnel. | $28-63 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $102,339 | $49 |
| 2 | Texas | $96,972 | $47 |
| 3 | Mississippi | $92,679 | $45 |
| 4 | Washington | $91,919 | $44 |
| 5 | Missouri | $90,318 | $43 |
| 6 | Nebraska | $90,230 | $43 |
| 7 | Arizona | $89,611 | $43 |
| 8 | Pennsylvania | $89,357 | $43 |
| 9 | New York | $87,867 | $42 |
| 10 | Michigan | $85,875 | $41 |
| 11 | Oklahoma | $85,381 | $41 |
| 12 | Nevada | $84,095 | $40 |
| 13 | North Carolina | $83,451 | $40 |
| 14 | Connecticut | $83,178 | $40 |
| 15 | Wisconsin | $83,149 | $40 |
| 16 | Indiana | $83,056 | $40 |
| 17 | Massachusetts | $83,036 | $40 |
| 18 | Delaware | $82,937 | $40 |
| 19 | Minnesota | $82,916 | $40 |
| 20 | Maryland | $82,607 | $40 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | W. R. Berkley | $91,756 | $44.11 | 2 |
| 2 | RGP | $90,142 | $43.34 | 2 |
| 3 | J.P. Morgan | $89,086 | $42.83 | |
| 4 | Northern Trust | $88,847 | $42.71 | 3 |
| 5 | JPMorgan Chase & Co. | $88,765 | $42.68 | 75 |
| 6 | EisnerAmper | $87,035 | $41.84 | |
| 7 | Stanford Health Care | $86,802 | $41.73 | 5 |
| 8 | Accenture | $86,450 | $41.56 | 2 |
| 9 | Invenio Solutions | $83,871 | $40.32 | |
| 10 | CopperPoint Insurance Companies | $83,057 | $39.93 | 1 |
| 11 | Marsh & McLennan Companies | $82,950 | $39.88 | 11 |
| 12 | Alexander & Schmidt | $82,820 | $39.82 | 67 |
| 13 | Zurich | $82,522 | $39.67 | 9 |
| 14 | CNM LLP | $82,433 | $39.63 | |
| 15 | Harrington Group | $82,428 | $39.63 | |
| 16 | Great American Insurance | $82,341 | $39.59 | 3 |
| 17 | Randstad North America, Inc. | $82,088 | $39.47 | 3 |
| 18 | Aon | $81,910 | $39.38 | 1 |
| 19 | CliftonLarsonAllen | $81,874 | $39.36 | |
| 20 | Farmers Insurance | $81,791 | $39.32 |
A job description for a loss control consultant role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a loss control consultant job description:
There are a few common ways to find loss control consultants for your business:
Your first interview with loss control consultant candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect loss control consultant candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
After that, you can create an onboarding schedule for a new loss control consultant. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Before you start to hire loss control consultants, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire loss control consultants pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Loss control consultants earn a median yearly salary is $82,202 a year in the US. However, if you're looking to find loss control consultants for hire on a contract or per-project basis, hourly rates typically range between $28 and $53.