How can employers create a comprehensive employee feedback system that incorporates both formal performance reviews and real-time feedback mechanisms to effectively measure the impact of recognition, personal development opportunities, and flexible working hours on employee motivation and retention?

Employers can create a comprehensive employee feedback system by implementing regular formal performance reviews to assess overall progress and goals, while also incorporating real-time feedback mechanisms such as weekly check-ins or anonymous suggestion boxes for immediate feedback. This system should include specific metrics to measure the impact of recognition, personal development opportunities, and flexible working hours on employee motivation and retention. Employers should also encourage open communication and create a culture that values feedback from employees at all levels to ensure the system is effective in addressing employee needs and concerns.