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In this video tutorial, the presenter demonstrates how to calculate years of service in Excel using a specific formula. The process involves typing in the formula `=DAYS360(high_date, TODAY())/360`. After entering the formula, the user is instructed to format the resulting cell as a number with one decimal place. Finally, the presenter shows how to drag the formula down to apply it to additional cells. Viewers are encouraged to like the video, visit the website sharonsmithhr.com, and subscribe to the channel for more content.