This research is aimed to identify and comparatively assess the motivation factors influencing labor productivity from the construction employees’ perception. Based on results of a filled-in and returned questionnaire distributed among 350 workers and managers from 25 construction companies throughout the Republic of Azerbaijan, motivation and demotivation factors were identified. The statistical analysis of motivation drivers showed that most important ones for all construction employees are remuneration (including its timely payment), job security, bonuses, and fringe benefits. Among top demotivators for all types of employees are unsafe work conditions, underpayment, and colleagues’ aggressive management style. Workers are also affected by bad treatment by managers and changing on workmates. While workers are more concerned with quality of site management and good relations with colleagues, managers are more motivated by responsible job and challenging tasks and demotivated by chaos and incompetent colleagues. Thus, according to the study, both economic and non-economic motivation and demotivation drivers occurred to be important for construction employees, and must be accounted by human resource (HR) officers. The results of the research would assist construction companies’ management in developing more precise and employee-oriented human resources strategies and policies.

The purpose of this study is to formulate a model for sustainable development of the mortgage market in Azerbaijan, taking into account commercial risks of housing construction, the risks of the construction industry, social visions of mortgages, state pressure, and support. The following five key research stages can be distinguished. Namely, identification of commercial risks of housing construction based on a survey; evaluation of the effectiveness of risk diversification strategy; determination of the social vision of a mortgage; substantiating the main directions of state pressure and support for mortgage market development; and creation of a model for sustainable development of the mortgage market in Azerbaijan. At the same time, it is proposed to use a methodological approach to assessing the effectiveness of the model based on the construction of the multivariate linear regression equation. The inclusive model of sustainable development of the mortgage market in Azerbaijan provides for the formation of a favorable institutional environment. Given the selected modules, forecasting the effectiveness of the proposed inclusive model demonstrates its effectiveness in the direction of enhancing mortgage lending based on interest rate regulation taking into account the benefits of green housing construction.

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