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In this video tutorial, the presenter demonstrates how to create an annual payroll and holiday calendar in Microsoft Excel. This calendar serves as a useful tool for new hires and employees, highlighting pay dates, company-paid holidays, and special events throughout the year. A template is offered for purchase, including both a static and a dynamic version that features automatic conditional formatting. The dynamic version will automatically highlight pay dates and holidays based on the bi-weekly payroll schedule provided in the first tab, which can be customized to fit any payroll schedule. A link for the template is included in the video description.