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The Importance Of Excel In The Workplace
Excel is perhaps the most important computer software used in the workplace today. As a result, many employees and future employees need to learn Excel in order to get a job or stay there.
From the point of view of the employer, especially those operating in the field of information systems, the use of Excel as an end-user calculation tool is essential. Many business professionals not only use Excel to perform daily functional tasks in the workplace, but an increasing number of employers rely on Excel for decision making.
Overall, Excel dominates the spreadsheet industry with an estimated 90 percent market share. Excel 2007 can accommodate spreadsheets of up to one million rows by 16,000 columns, allowing users to import and work with large amounts of data and achieve faster calculations than ever before.
Outside of the workplace, Excel is widely used to solve everyday problems.
Let’s say you have a home office. With Excel, you can calculate sales tax on a purchase, calculate the cost of a car ride, create a temperature converter, calculate the price per square inch of a pizza, and perform analysis on the data you enter. You can track your debt, income, and assets, determine your debt-to-income ratio, calculate your net worth, and use this information to prepare for the mortgage application process for a new home. The personal uses of Excel are almost as endless as the business uses of the software—and Excel Tutorial covers practical uses of the program for personal and business use.
The use of spreadsheets in computers is not new. Spreadsheets in electronic form have existed since before the introduction of the personal computer. The predecessors of Excel and Lotus 1-2-3 were packages like VisiCalc, developed and modeled after the accountant’s financial ledger. Since 1987, spreadsheet programs have been influencing the business world. At the same time, computerized spreadsheets have become a widespread and increasingly effective tool for comparing data around the world.
Today, end users use Excel to create and edit spreadsheets and create web pages with links and complex formatting specifications. They create macros and scripts. While some of these programs are small, one-off calculations, many are much more critical and affect important financial decisions and business transactions.
Widely used by businesses, service agencies, voluntary groups, private sector organizations, researchers, students, educators, trainers, researchers, journalists, accountants and others, Microsoft Excel has become a staple for end users and business professionals.
The beauty of Excel is that it can be used as a workplace or business data receiver or calculator, a decision aid, a data converter, or even a spreadsheet to display information for interpretation. Excel can create charts or graphs, work with mail merge features, import data from the Internet, create a concept map, and rank information by importance.
Excel offers new data analysis and visualization tools that help you analyze information, spot trends, and access information more easily than ever before. Using conditional formatting with rich data display schemes, you can assess and illustrate important trends and highlight exceptions with colored gradients, data bars and icons.
Indeed, Excel can be customized to perform so many 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 that tries to keep up with the times.
Let’s say you are an employer with 97 employees, 17 of whom were sick today, and you want to know the percentage of absenteeism. Excel can do this. You can learn Excel and use it to determine the ratio of male to female employees, minority share of salary, and rank each employee by the amount of their compensation package, including the percentages of that package based on salary and benefits. With Excel, you can track production by department, information that can help you plan for future development. You can create additional spreadsheets to track vendor and customer data while maintaining constant product inventory.
Let’s say you want to know your company’s production and costs. You don’t need to be a math whiz – you just need to learn Excel. Excel lets you enter all the data, analyze it, sort it according to a custom format, and display the results with colors, shading, backgrounds, icons, and other tricks that help you save time and find the exact information you want later. If this spreadsheet is for presentation purposes, Excel can help you put it together so visually pleasing that the data can shine and sparkle.
The most important thing an employer can do is learn Excel – it’s one of the most important tools in the workplace.
Excel and Microsoft are trademarks of Microsoft Corporation, registered in the US and other countries. Lotus is a registered trademark of International Business Machines Corporation in the US and/or other countries.
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