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Loss prevention manager hiring summary. Here are some key points about hiring loss prevention managers in the United States:
Here's a step-by-step loss prevention manager hiring guide:
Loss prevention managers, as what their name implies, are primarily responsible for the protection of the company's assets from losses like theft, fraud, and inaccurate inventory reporting. They plan, manage, and regularly evaluate procedures to ensure losses are prevented. Also, they identify potential risks and develop the risk control system to help eliminate it. Another task they do is to train the loss prevention staff, store employees, and retail managers on loss control and preventative measures. Additionally, they conduct internal investigations on issues like employee theft as well as breaches of corporate policies on loss prevention.
Before you post your loss prevention manager job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a loss prevention manager for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them a loss prevention manager to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a loss prevention manager that fits the bill.
This list shows salaries for various types of loss prevention managers.
| Type of Loss Prevention Manager | Description | Hourly rate |
|---|---|---|
| Loss Prevention Manager | The primary duty of a Loss Prevention Manager is to prevent the loss of merchandise due to theft and keep the workplace safe. They plan as well as manage policies and procedures to impede the loss of assets. | $26-59 |
| Manager | Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department... Show more | $17-44 |
| Loss Control Consultant | 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... Show more | $28-53 |
Including a salary range in your loss prevention manager job description helps attract top candidates to the position. A loss prevention manager salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a loss prevention manager in Kansas may be lower than in Alaska, and an entry-level loss prevention manager usually earns less than a senior-level loss prevention manager. Additionally, a loss prevention manager with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Alaska | $102,379 | $49 |
| 2 | Utah | $97,835 | $47 |
| 3 | Oregon | $97,320 | $47 |
| 4 | Washington | $97,103 | $47 |
| 5 | Pennsylvania | $96,075 | $46 |
| 6 | New York | $94,365 | $45 |
| 7 | Texas | $92,866 | $45 |
| 8 | Arizona | $92,249 | $44 |
| 9 | Michigan | $89,905 | $43 |
| 10 | Nevada | $88,658 | $43 |
| 11 | District of Columbia | $88,583 | $43 |
| 12 | Massachusetts | $87,363 | $42 |
| 13 | Missouri | $87,240 | $42 |
| 14 | California | $85,697 | $41 |
| 15 | Illinois | $83,358 | $40 |
| 16 | Oklahoma | $82,225 | $40 |
| 17 | Florida | $81,877 | $39 |
| 18 | Georgia | $81,402 | $39 |
| 19 | Montana | $81,299 | $39 |
| 20 | Colorado | $80,313 | $39 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Amazon | $126,796 | $60.96 | 70 |
| 2 | Sephora | $112,553 | $54.11 | |
| 3 | Hca Hospital Services Of San Diego | $89,925 | $43.23 | |
| 4 | Discover | $88,802 | $42.69 | |
| 5 | Highland General Hospital | $87,952 | $42.28 | |
| 6 | Mee Memorial Healthcare System | $84,586 | $40.67 | |
| 7 | Highmark | $84,242 | $40.50 | |
| 8 | Early Warning | $83,549 | $40.17 | |
| 9 | RML Specialty Hospital | $81,652 | $39.26 | |
| 10 | Montage Health | $81,116 | $39.00 | 1 |
| 11 | Cleveland Clinic | $80,036 | $38.48 | |
| 12 | Emory University | $79,391 | $38.17 | |
| 13 | Novant Health | $78,723 | $37.85 | 1 |
| 14 | Cook Children's Medical Center | $78,377 | $37.68 | |
| 15 | Yuma Regional Medical Center | $77,019 | $37.03 | |
| 16 | Tenet Healthcare | $76,605 | $36.83 | 4 |
| 17 | Dignity Health | $76,205 | $36.64 | 7 |
| 18 | Alameda Health System | $76,133 | $36.60 | |
| 19 | Swedish Hospital | $74,815 | $35.97 | |
| 20 | Kaiser Permanente | $71,750 | $34.50 |
A job description for a loss prevention manager 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 prevention manager job description:
To find loss prevention managers for your business, try out a few different recruiting strategies:
Your first interview with loss prevention manager 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.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the loss prevention manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new loss prevention manager first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Recruiting loss prevention managers involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
You can expect to pay around $83,613 per year for a loss prevention manager, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for loss prevention managers in the US typically range between $26 and $59 an hour.