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In this tutorial by PK, viewers learn how to create a customizable employee timesheet tracker. The tracker allows input of employee information for a specific month, and can be distributed to employees for filling their timesheets. Users can change the month, and the corresponding dates will update automatically. Key features include columns for time in, break start and end times, and final out time. The tracker automatically calculates total hours worked, break durations, and productive hours (total hours minus breaks). The system includes validations to ensure time entries are current and accurate.