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In this video tutorial, the presenter explains how to calculate years of service in Excel using a specific formula. The formula involves using the function `=DAYS360(start_date, end_date)`, where the 'start_date' is a historical date and 'end_date' is 'TODAY()'. After entering the formula, the presenter suggests formatting the cell to display the result as a number with one decimal place. Finally, viewers are encouraged to drag the formula down to apply it to multiple cells. The video concludes with a request for viewers to like the video, visit the website sharonsmithhr.com, and subscribe to the channel.