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In this video tutorial, the presenter demonstrates how to calculate years of service in Excel using a specific formula. The steps include typing "equals days 360" followed by selecting the cell with the higher date and adding "today" within parentheses, closing the parentheses, and dividing the result by 360. After pressing enter, the years of service will be displayed. The presenter then shows how to format the cell as a number with one decimal place before dragging the formula down for additional entries. Viewers are encouraged to like the video, visit the website sharonsmithhr.com, and subscribe to the channel.