Weekly 1 on 1s with all reports is not useful or feasible. If you have 8 reports that's 10% of your work week swallowed.
This is all Manager Tools basics. I think it's the best set of guidelines they offer. (The Hard Thing about Hard Things also emphasizes weekly 1:1s as does Managing Humans.)
I try to spread mine between slower days.
If you don’t invest the time in advance, you pay it more with fighting fires later.