The future of work presents complex challenges as executives struggle with widening gaps in employee skills and experience, according to new data from Deloitte. Sixty-six percent of business leaders report that most new hires lack sufficient preparation for their roles. Seventy-three percent of executives and 72% employees are state that organizations should help workers build and nurture skills.

A SmartRecruiters analysis found the global median time to hire new employees is 38 days, with Australia and the US being the most efficient. The report notes companies that use AI hire 26% faster and receive an average of 73 applications per job opening.

CEO succession is a critical challenge, as highlighted by Robert Stiller's experience at Green Mountain Coffee, where he underestimated the transition's complexity. A comprehensive five-step process -- involving planning groups, mentoring, candidate development, stretch assignments and a coaching habit -- can help successfully navigate leadership transitions.

Employer-sponsored health plan costs are rising, and many employees are facing unaffordable care expenses, with 12% of adults borrowing money for medical bills, according to a Gallup survey. This financial stress can lead to decreased productivity and delayed health care, ultimately increasing costs. Employers may want to explore value-based health plans, such as those using reference-based pricing, to reduce costs and improve coverage.

Kevin Hochman's personal leadership style is characterized by his humility and focus on simplicity. Known for his quirky personality and self-deprecation, Hochman emphasizes clear communication and making complex concepts accessible. The CEO of parent Brinker International, who credits his mom's passion for serving others as an influence in his career path, has embraced the "Chilihead" identity, instilling a sense of pride and camaraderie among employees, who are encouraged to serve both each other and guests enthusiastically and creatively.