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Loss Prevention Jobs: Picking Your Career Path

Loss prevention jobs have become more competitive and rewarding due to an increased awareness of their importance in the corporate world. Here are three types of positions to consider in the field.


Determining where to go with a career is always hard, because there are usually a few different branches for any sort of job path from the outset.  That means you’re going to have to figure out where you would like to take your career, or what sorts of daily tasks are of the most interest to you.  With loss prevention jobs you’re going to find that there are a few ways that you can go, in determining the sort of career that’s going to prove the most challenging, as well as rewarding.  All you have to do is figure out which aspect of loss prevention seems the most viable to you.

What you’re going to find is that all of these types of careers are all centered around monitoring and stopping the loss of product, to an acceptable degree.  When you operate a major corporation, or even a small one, it’s important to realize that you can never cut your losses completely, as there are always going to be products as well as money that slips through the cracks.  But loss prevention careers are all about stopping this, and keeping it at a lower more acceptable rate.  There are 3 major ways that this can be performed for a company, and they can include:

1) Retail Loss Prevention.

This is where you’re up against the customer, and you’re tasked with trying to eliminate the risk of theft.  But you’re also tasked with eliminating the opportunity for theft from employees as well, so that you can ensure there’s as little potential for loss as possible.  This involves instigating shift structures, as well as security measures that restrict the likelihood that product or money would be lost.  But you’re also required to do so at a bare minimum of expense, as a company also doesn’t want to lose too much money preparing for ways to stop losing cash on their products.

2) Financial Loss Prevention.

This is more of a study into a companies actual finance records, to better track where money is going, being spent, as well as disappearing.  This way, you can track down areas that money is going where it shouldn’t be, or you can also track down employees or services that are siphoning off more cash than they should be.  This way, through these loss prevention jobs you’re able to iron out a company’s finance system to stop bleeding money, so that they are only spending on what they need, where they need.  These types of analysts are a necessity with just about every corporation as well, to make sure the books stay clean.

3) Corporate Risk Management.

While this is not quite like other types of loss prevention careers, you’re going to find that it’s still a very viable type of service.  What this sort of a career will entail is assessing potential investments, or changes to policy, and sniffing out the financial risks associated therein.  A good risk management employee is going to be able to assess just how much a potential investment is going to bite the company if things go wrong, but also the likelihood of it failing.  This way, you can prevent possible financial losses, by advising against those types of commitments that are just too risky.

While all careers are somewhat different, you’re going to find that they all provide for pretty good money down the line.  Some of the average loss prevention salaries you’re going to find can go all the way from $30,000 a year all the way up into the six figure range.  Typically smaller jobs like managing retail stores are on the lower end of the spectrum, while corporate jobs like risk management are always going to pay well, because of the integral role you’ll play on a larger scale.

What’s more, you also want to be sure that you have the right types of loss prevention training and education on your resume to make yourself the perfect candidate.  In many instances, you want at least a bachelor’s MBA degree, so that you can show you have a full understanding of business.  That way, you can make better use of sites like Monster.com and Indeed.com to get connected with great loss prevention jobs all over the entire country.

 

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