The number of CEOs who left their jobs in the first quarter this year hit the highest level of first-quarter CEO departures since 2020, according to a Russell Reynolds Associates report, which found 52 CEOs left during the quarter. "In a challenging macroeconomic environment coupled with the rise of emerging technology, newly appointed CEOs will need to lean on strategic counsel from experienced board members to make the right appointments to ensure an enduring legacy," says Russell Reynolds' Stephen Langton.

Hiring employees with the right skills, talents and passions for the business forms the foundation for success, which is then built on a model of servant leadership that gives those employees the support they need to flourish, writes Tom Sacco, CEO of Happy Joe's Pizza & Ice Cream. "When you encourage debate, welcome different perspectives and treat people with respect, you pave your own road to success," Sacco writes.

Gen Z workers' expectations for transparency in the workplace are creating a foundational change. For employers, across-the-board transparency improves worker trust and productivity while reducing turnover.

Child disability insurance is a recent development that employers can add to their benefit packages to help parents handle health care expenses. A policy through the benefit provider Juno entitles parents to up to $1 million over 10 years for a child who develops a serious illness, injury or disability. Coverage extends from birth to age 26 years.

Saying, "I don't know," as a leader isn't a sign of weakness; instead, it shows that you know your team can often be smarter than you and have ideas and solutions you may not have yet considered, writes columnist Jason Aten. "As a leader, even though it can seem unsatisfying to not have an answer for everything, making bad decisions just because you want to look like you know everything is the one thing you should never do," Aten notes.