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In this video tutorial by PK, viewers learn to create an employee timesheet tracker. The tracker allows input of employee information for any month with automatically updated dates. Key features include columns for time in, break times, and final out time, which collectively auto-calculate total hours worked and productive hours (total hours minus breaks). Adjustments for the month can be made, and validations ensure that time entries are limited to the current day. This tool is designed for distribution among employees in an office setting to accurately track their hours worked.