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The answer to the question “What does a loss prevention associate do?” will vary, but entry-level applicants who spend time understanding the job, the retail organization, and the challenges specific to both will find a great deal of opportunity in this space.
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As an early-career associate, the loss prevention associate job description may not include all of these functions right away. Nevertheless, it’s important to recognize from the outset that such responsibilities eventually fall under the domain of the loss prevention department in many organizations. If an entry-level job seeker chooses to progress and grow in an LP career, he or she will want to be aware of and conversant with all these business areas. It’s never too soon to start learning about them.
Loss prevention—also known as asset protection—is an ever-broadening, ever-growing field that has a lot to offer an entry-level job seeker. According to the Loss Prevention Foundation, the industry’s “wide spectrum of career options and tremendous potential for professional growth” make the job a rare find in today’s labor market. And the projected job growth—5 to 8 percent between 2014 and 2024—is on par with other industries, according to the Occupational Information Network (O*NET). It’s worth a closer look. But just what does a loss prevention associate do, anyway?
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A decade or two ago, early-career loss prevention associates did not have many educational resources available to them. They just didn’t exist. Today’s LP associates can access webinars, college programs, and even resources like LP Magazine and the certification courses through Loss Prevention Foundation to gain a better understanding about how the industry works and how LP fits into the bigger picture of business in the retail environment.
Loss prevention was once primarily responsible for the physical security of a retail space. LP once used to guard exit doors and stop shoplifters. However, many people are still under the misconception that this is still the LP associate’s dominant function, which is far from the case today.
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Generally, an entry-level job title in LP is the “loss prevention associate.” However, the evolution of the field and responsibilities contained therein means that titles can change to reflect that. Alternative titles for entry-level LP jobs could include:
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Contemporary loss prevention professionals still maintain responsibility for retail security. But they also must handle employee theft issues, data protection, safety and risk management, inventory audits, legal compliance, and matters related to organized retail crime and fraud. It’s more appropriate to say that loss prevention has evolved into a core business function that plays a crucial role in protecting the profits of the world’s largest retailers.
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A careful review of recent job postings for loss prevention associates on LPjobs.com—the premier job board for loss prevention postions—reveals that the role can entail some combination of the following responsibilities:
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Job parameters for a loss prevention associate will vary depending on the particular retail organization. However, by and large, all loss prevention associates are expected to work in harmony with the rest of the retail team to achieve store objectives for preventing theft and ensuring safety. Sometimes LP associates assist in processing inventory and merchandise returns as well.
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