How To Calculate Length Of Service In Excel

How to Calculate Length of Service in Excel

Using DATEDIF to Calculate Years of Service

To calculate the total years of service, use the DATEDIF formula with start and end dates as arguments. This function can determine the duration of employment in years by using the "y" argument. It can also calculate years and months with "ym", and years, months, and days with "md". To calculate up to the current day, use TODAY() as the end date. The DATEDIF function, although undocumented, is a versatile tool for calculating employee tenure or even age.

Calculating Precise Tenure with YEARFRAC

For a precise calculation of the length of service in fractions of a year, use the YEARFRAC formula, which provides the exact number of years between two given dates. This method is useful for scenarios that require more precise measurements of service duration.

Additional Functions for Service Duration

The EDATE formula can project the future date after a specified tenure, ideal for determining the end date based on years of service. Utilize EOMONTH to find the last day of a month or quarter, which can serve in conjunction with DATEDIF to calculate the length of service up to a specific cutoff point.

Employment Tenure Analysis

Employment tenure calculated using Excel's DATEDIF function aids organizations in personnel management, helping gauge employee loyalty, career progression, and informing decisions on promotions or terminations. It clearly defines the length of time an individual has been in a position.

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