Loss prevention is a profession that specializes in preventing and investigating theft of a business's inventory, whether by employees or by shoplifting. Logistics is a term that covers the practical aspects of business, such as the management and coordination of workers and inventory in multiple locations. When loss prevention specialists work in the logistics sector, their focus is on preventing theft from the company by employees or vendors the company does business with.
When a business must manage employees, supplies, and inventory, as well as schedule shipping, maintain a warehouse, and coordinate with outside vendors, product can get easily lost, misplaced, or even stolen. To prevent such problems and investigate them when they arise, companies hire loss prevention professionals, paying them in the mid-five figures depending upon location.
Average Salary in Logistics
Logistics, labeled by the U.S. Bureau of Labor Statistics as the "management of companies and enterprises," provided the third highest level of employment for loss prevention managers, making up 5.5 percent of the profession's market. According to the bureau, loss prevention managers in this industry sector earned a mean $48,950 per year, or $23.53 an hour, as of May 2010, which was 2.3 percent higher than national average for profession.
Mean incomes vary by state due to local economy and demand for loss prevention. As of May 2010, the highest employment of loss prevention managers was in California, where the average salary was $55,920 per year. In Minnesota, the mean income was $41,560 per year, while in nearby South Dakota loss prevention professionals made $37,190 on average annually. The highest paying state for the profession that year was Virginia, with an average yearly salary of $66,590, according to the report by the bureau.
Those in logistics fared well when compared to peers in other industries in 2010. For example, the most common industry for such employment -- investigation and security services -- employed 46 percent of the profession and paid loss prevention managers an average of $44,040 per year. The second most common industry for the profession was depository credit intermediation, with a mean $46,030 per year. Local governments paid loss prevention specialists a mean of $50,570, while couriers and express delivery services paid $64,050 per year on average, according to the report.
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