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In this tutorial, the video demonstrates how to calculate years of service in Excel using a specific formula. The process involves typing the formula "equals days 360" and selecting the cell containing the later date, followed by "comma today", and then closing the parentheses and dividing by 360. After hitting enter, the formula provides the years of service. The next step is to right-click the cell, format it to a number with one decimal place, and click OK. Lastly, the formula and formatting can be dragged down for additional calculations. The video encourages viewers to give a thumbs up, visit the website sharonsmithhr.com, and subscribe to the channel.