The impact of self-employment projects on employment: analysis of motivation and effectiveness

Nowadays, employment is a key topic.Throughout history, self-employment projects have been developed for different populations, with the aim of establishing their own companies.These projects in Bosnia and Herzegovina are categorized into four groups, depending on the source of financing.This paper is focused on the analysis of the impact of these projects on the employment rate, program efficiency, sustainability, and success after implementation.The research includes respondents who applied for various self-employment projects in Herzegovina-Neretva Canton.The results confirm that motivation is key to realization, especially motivation for self-employment that stems from expectations.The research revealed new information that may change the perception of the government and other interest groups towards self-employment projects.The most popular programs are financed by non-governmental organizations, but most respondents believe that the funds are not fairly distributed.Regression analysis confirmed that an individual's entrepreneurial motivation is key to the decision on self-employment, which is encouraged by self-employment projects.The research results provide evidence on the effectiveness of different public subsidy programs for different target groups, which helps in identifying the best direction for resources distribution and investments.Therefore, this research has important implications for the government, entrepreneurs, investors and educators.