QUALITY OF HUMAN RESOURCES IN THE CONSTRUCTION INDUSTRY
Human resources serve as the basis for development of the national economy, as a whole, and the construction industry, as its constituent part. The problem of inferior labor productivity within the framework of the national economy and its construction industry is considered in the paper. The author has identified the reasons why the productivity of the national economy and its construction industry is low. Low quality manpower is one of the reasons. Analysis of the statistical information has proven that the quality of the manpower in the construction industry is unsatisfactory. The author has also analyzed the relation between the construction industry development pattern and the quality of the manpower. Low manpower quality is a consequence of low personnel training and development expenditures assumed by local construction companies, if compared to the same assumed in the developed economies. Russian businesses do not invest any proceeds into their employees, as any employee may leave the company at any moment, and the employer will lose the investment. Therefore, the performance rate of the Russian construction industry cannot catch up with its western counterpart. The author also provides the analysis of the western personnel development concept. The author also makes his suggestions designated to reverse the unfavourable trend of the construction industry.