Skills & Competencies for Retail Loss Prevention Manager

Retail Loss Prevention Manager job profile

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JOB SUMMARY for Retail Loss Prevention Manager

Responsible for safeguarding company assets in a defined geographic region.

JOB RESPONSIBILITIES for Retail Loss Prevention Manager

Uses employee training and audits to prevent merchandise loss; investigates known losses and coordinates with police on theft prosecution.

Retail Loss Prevention Manager SALARY RANGE

BASE 50%
$97,433
TOTAL 50%
$106,185
Job Level
P03
Job Code
SM15000248
Education/Degree
Bachelor's Degree
Reports To
Retail Loss Prevention Director

Retail Loss Prevention Manager Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Retail Loss Prevention Manager skill and competencie below to view definitions.
INDUSTRY COMPETENCIES JOB FAMILY COMPETENCIES CORE COMPETENCIES
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6 hard skills or competencies (industry competencies) for Retail Loss Prevention Manager

1 Industry Competency – Retail Industry
Proficiency Level -2
Skill definition-Applying comprehensive knowledge of retail principles, inventory management, pricing strategies, and consumer behavior to effectively manage and operate retail businesses.
Level 1 Behaviors
(General Familiarity)
Identifies and explains the characteristics and key features of various retail business models.
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Level 2 Behaviors
(Light Experience)
Identifies and explains major operational issues and considerations.
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Level 3 Behaviors
(Moderate Experience)
Implements promotional activities to communicate the features and benefits of new products.
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Level 4 Behaviors
(Extensive Experience)
Monitors and optimizes retail operations to enhance productivity and cost-effectiveness.
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Level 5 Behaviors
(Mastery)
Explores the historical and future positioning of the organization in light of prevailing retail trends.
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2 Industry Competency – Retail Operations
Proficiency Level -2
Skill definition-Overseeing the daily operations and duties of running a retail store or chain in order to ensure customer satisfaction and adequate resources.
Level 1 Behaviors
(General Familiarity)
Explains why inventory management is crucial when ensuring sufficient retail resources.
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Level 2 Behaviors
(Light Experience)
Gathers customer feedback to help improve service quality, delivery services, refunds, store layout, and atmosphere.
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Level 3 Behaviors
(Moderate Experience)
Helps prepare and implement budgets and operating processes to ensure efficiency and profitability.
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Level 4 Behaviors
(Extensive Experience)
Facilitates facility improvement initiatives to ensure a safe, attractive, and efficient customer experience.
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Level 5 Behaviors
(Mastery)
Develops guidelines and materials for training staff on retail techniques and processes.
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3 Retail Loss Prevention Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Retail Loss Prevention Manager
Proficiency Level - 4
5 Competency for - Retail Loss Prevention Manager
Proficiency Level - 5

4 general skills or competencies (Job family competencies) for Retail Loss Prevention Manager

1 Job Family Competencies – Safety Policies and Procedures
Proficiency Level -2
Skill definition-Establishing and implementing clear safety policies and procedures to effectively manage hazards and risks associated with the business operations.
Level 1 Behaviors
(General Familiarity)
Discusses the possible work hazards for not complying with safety policies and procedures.
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Level 2 Behaviors
(Light Experience)
Records performed tasks according to the specified safety policies and procedures.
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Level 3 Behaviors
(Moderate Experience)
Implements departmental safety policies and procedures to ensure a hazard-free work environment.
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Level 4 Behaviors
(Extensive Experience)
Modifies our existing safety policies and procedures to meet regulatory requirements and standards.
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Level 5 Behaviors
(Mastery)
Designs and delivers training programs to educate employees on our updated safety policies and procedures.
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2 Job Family Competencies – Accounting
Proficiency Level -2
Skill definition-Creating financial statements and reports based on the summary of financial and business transactions.
Level 1 Behaviors
(General Familiarity)
Documents various cost accounting problems along with their relevant solutions.
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Level 2 Behaviors
(Light Experience)
Gathers accounting data and information required to generate various department reports.
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Level 3 Behaviors
(Moderate Experience)
Handles various cost accounting projects to provide increasingly accurate product cost information.
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Level 4 Behaviors
(Extensive Experience)
Ensures that the timing of expenses is accurately planned for within the company's accounting policies.
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Level 5 Behaviors
(Mastery)
Establishes accounting policies to support global activities and leads its implementation.
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3 Retail Loss Prevention Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Retail Loss Prevention Manager
Proficiency Level - 4
5 Competency for - Retail Loss Prevention Manager
Proficiency Level - 5

10 soft skills or competencies (core competencies) for Retail Loss Prevention Manager

1 Core Competencies – Scheduling
Proficiency Level -2
Skill definition-Ability to plan and organize activities, tasks, and resources to achieve business goals and objectives within timeframe and budget.
Level 1 Behaviors
(General Familiarity)
Discusses the importance of scheduling, which includes achieving a good work-life balance.
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Level 2 Behaviors
(Light Experience)
Records employee availability to increase attendance at scheduled meetings.
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Level 3 Behaviors
(Moderate Experience)
Prepares staffing forecast dashboards as well as comparative data on results versus forecasts.
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Level 4 Behaviors
(Extensive Experience)
Manages travel arrangements or schedules, such as booking flights and making hotel or restaurant reservations.
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Level 5 Behaviors
(Mastery)
Creates strategies and objectives to improve the functional infrastructure of general workforce scheduling.
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2 Core Competencies – Taking Action
Proficiency Level -3
Skill definition-Forecasting business needs and implementing timely corrective actions to satisfy future business demands.
Level 1 Behaviors
(General Familiarity)
Differentiates the meaning of acting versus being in motion at work.
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Level 2 Behaviors
(Light Experience)
Looks for ways to encourage others to take initiative at work.
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Level 3 Behaviors
(Moderate Experience)
Implements corrective measures to address emerging issues within our business.
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Level 4 Behaviors
(Extensive Experience)
Implements organizational development strategies to meet immediate and long-term business needs.
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Level 5 Behaviors
(Mastery)
Develops manageable strategies to achieve organizational goals successfully.
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3 Retail Loss Prevention Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Retail Loss Prevention Manager
Proficiency Level - 4
5 Competency for - Retail Loss Prevention Manager
Proficiency Level - 5

Summary of Retail Loss Prevention Manager skills and competencies

There are 6 hard skills for Retail Loss Prevention Manager, Retail Industry, Retail Operations, Loss Prevention in Retail, etc.
4 general skills for Retail Loss Prevention Manager, Safety Policies and Procedures, Accounting, Compliance Audit, etc.
10 soft skills for Retail Loss Prevention Manager, Scheduling, Taking Action, Process Improvement, etc.
While the list totals 20 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Retail Loss Prevention Manager, he or she needs to be proficient in Scheduling, be skilled in Taking Action, and be proficient in Process Improvement.

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