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This video tutorial introduces the Excellence monthly employee timesheet Excel template, designed to track employee shifts and calculate payments efficiently. Users can start by editing employee names and titles on the dashboard. After that, they need to input the shifts in the designated monthly section, where names and titles will autofill. Once all shifts are entered, the monthly payment can be viewed, including total hours, hourly rates, and optional extra payments. The dashboard and summary sections provide insights on payments by employee and month, with those sheets protected and requiring no additional input due to built-in formulas. A link to access the template is available in the video's description.