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The differences between loss prevention managers and managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a loss prevention manager and a manager. Additionally, a loss prevention manager has an average salary of $83,613, which is higher than the $58,651 average annual salary of a manager.
The top three skills for a loss prevention manager include safety program, safety procedures and CCTV. The most important skills for a manager are customer service, payroll, and food safety.
| Loss Prevention Manager | Manager | |
| Yearly salary | $83,613 | $58,651 |
| Hourly rate | $40.20 | $28.20 |
| Growth rate | 6% | 6% |
| Number of jobs | 4,393 | 1,236,194 |
| Job satisfaction | - | 4.57 |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 49% |
| Average age | 47 | 44 |
| Years of experience | 6 | 6 |
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.
Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department. Managers are responsible that the department they are handling is functioning well. They set the department goals and the steps they must take to achieve the goals. They are also in charge of assessing the performance of their departments and their employees. Additionally, managers are responsible for interviewing prospective candidates for department vacancies and assessing their fit to the needs of the department. Managers also set the general working environment in the department, and they are expected to ensure that their employees remain motivated.
Loss prevention managers and managers have different pay scales, as shown below.
| Loss Prevention Manager | Manager | |
| Average salary | $83,613 | $58,651 |
| Salary range | Between $56,000 And $124,000 | Between $37,000 And $92,000 |
| Highest paying City | Fairbanks, AK | - |
| Highest paying state | Alaska | New Jersey |
| Best paying company | Amazon | - |
| Best paying industry | Hospitality | Finance |
There are a few differences between a loss prevention manager and a manager in terms of educational background:
| Loss Prevention Manager | Manager | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 49% |
| Most common major | Criminal Justice | Business |
| Most common college | California State University - Bakersfield | University of Pennsylvania |
Here are the differences between loss prevention managers' and managers' demographics:
| Loss Prevention Manager | Manager | |
| Average age | 47 | 44 |
| Gender ratio | Male, 77.3% Female, 22.7% | Male, 51.0% Female, 49.0% |
| Race ratio | Black or African American, 7.9% Unknown, 4.7% Hispanic or Latino, 13.3% Asian, 7.4% White, 66.1% American Indian and Alaska Native, 0.7% | Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |