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The Importance Of Excel In The Workplace

Excel is perhaps the most important computer software used in the workplace today. This is why so many workers and potential employees need to learn Excel to enter or stay in the workplace.

From an employer’s perspective, especially those in the information systems field, the use of Excel as an end-user computing tool is essential. Not only do many professionals use Excel to perform day-to-day functional tasks in the workplace, but a growing number of employers rely on Excel for decision support.

In general, Excel dominates the spreadsheet industry with an estimated 90% market share. Excel 2007 has the capacity for spreadsheets up to one million rows by 16,000 columns, allowing the user to import and work with massive amounts of data and achieve faster calculation performance than ever before .

Outside of the workplace, Excel is widely used for day-to-day problem solving.

Let’s say you have a home office. You can use Excel to calculate sales tax on a purchase, calculate the cost of a car trip, create a temperature converter, calculate the price of a pizza per square inch, and analyze input data. You can track your debt, income, and assets, determine your debt-to-equity ratio, calculate your net worth, and use this information to prepare for the mortgage application process on a new home. The personal uses for Excel are almost as endless as the professional uses for this software – and an Excel tutorial delves into the practical uses of the program for both personal and professional purposes.

The use of spreadsheets on computers is not new. Spreadsheets, in electronic form, existed long before the introduction of the personal computer. The precursors to Excel and Lotus 1-2-3 were software packages such as VisiCalc, developed and modeled on the accountant’s financial ledger. Since 1987, spreadsheets have impacted the business world. Along the way, computerized spreadsheets have become a ubiquitous and increasingly effective tool for benchmarking data across the globe.

Today, end users use Excel to create and edit spreadsheets as well as to create web pages with links and complex formatting specifications. They create macros and scripts. Although some of these programs are small, one-time calculations, many are much more critical and affect important financial decisions and business transactions.

Widely used by businesses, service agencies, volunteer groups, private sector organizations, scientists, students, educators, trainers, researchers, journalists, accountants and others, Microsoft Excel has become a essential for end users and professionals.

The beauty of Excel is that it can be used as a data sink in the workplace or business, or as a calculator, decision support tool, data converter, or even a spreadsheet. display for interpreting information. Excel can create a table or graph, work in conjunction with mail merge functions, import data from the Internet, create a concept map, and sequentially rank information by importance.

Excel offers new data analysis and visualization tools that help analyze information, spot trends, and access information more easily than in the past. By using conditional formatting with rich data display schemes, you can assess and illustrate important trends and highlight exceptions with colorful gradients, data bars, and icons.

Indeed, Excel can be customized to perform such a variety of functions that many businesses cannot operate without it. Excel training has become mandatory in many workplaces; in fact, computer software training is a must for any workplace trying to keep up.

Let’s say you are an employer with 97 workers, 17 of whom called in sick today, and you want to know the percentage of absentees. Excel can do that. You can learn Excel and use it to determine the ratio of men to women, percentage of minorities on payroll, and rank each worker by amount of compensation, including percentages of that compensation based on salary and benefits. You can use Excel to track production by department, information that can help you with future development plans. You can create additional spreadsheets to track supplier and customer data while maintaining a permanent inventory of product stock.

Let’s say you want to know your company’s output versus cost. You don’t need to be a math expert, you just need to learn Excel. Excel lets you enter all the data, analyze it, sort it in your custom format, and display the results with colors, shadows, backgrounds, icons, and other gimmicks that offer quick help to precisely locate the desired information. If this spreadsheet is meant for presentation purposes, Excel helps you put it together in such an attractive way that the data might seem to pop and flicker.

The most important thing an employer can do is learn Excel – it’s one of the most essential tools in the workplace.

Excel and Microsoft are trademarks of Microsoft Corporation, registered in the United States and other countries. Lotus is a registered trademark of International Business Machines Corporation in the United States and/or other countries.

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