Loss Prevention

Last week's LPM Insider survey asked whether respondents thought they were earning a fair wage for the work they do. One reader commented, "Companies that are too tight with their money lose loyalty, and then their best people. Then they wonder why. The door swings both ways."

"If you don't have the answer or the service that helps your partners, go find it for them and share it, so they know you're there to help them be successful."

As of November 2018, Glassdoor.com reports the average base pay for a loss prevention manager to be $57,221 per year, excluding bonuses and/or other cash compensation. We want to know: do you think you're being paid fairly for the work you do?

The first of October was another first for me. I attended the Loss Prevention Research Council (LPRC) IMPACT conference for the first time, in muggy but beautiful Gainesville, FL.

This post is designed to provide a theoretical context for understanding the psychological and social forces that drive people to become criminals, how criminogenic opportunities can be reduced, as well as where analytics fits into loss prevention.

“Deprive a thief of a safe and ready market for his goods; and he is undone.”

Particular places, products, processes, and increasingly, certain retail innovations are much more vulnerable to loss than others.

One of the highlights for senior loss prevention executives was a private luncheon with three University of Florida scientists who discussed research into omni-channel retailing, the effects of fear of crime on shopping behavior, and reducing corporate digital threats.

"Being a vendor is not a dirty word. You need to believe in your bones that what you're providing is critical to your customer's success."

"Around the age of ten, I started selling software demo kits alongside my dad," said Longo. "He was a brilliant man, passionately building relationships with innovators in the early days of software development, including (name drop) Bill Gates."