How To Calculate Years Of Service Using TODAY Function In Excel

Introduction

Calculating years of service is a common task for human resources and accounting professionals. Excel's TODAY function paired with other date functions can automate this calculation, but the process can be tedious and error-prone.

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How to Calculate Years of Service in Excel Using TODAY

The most reliable method to calculate years of service in Excel is using the DATEDIF function combined with TODAY. The basic formula is:

=DATEDIF(start_date, TODAY(), "y")

Formula Components

The start_date represents the employee's hire date. The TODAY() function automatically provides the current date. The "y" parameter returns the result in years.

Additional Calculations

For more detailed tenure calculations:- Use "ym" instead of "y" to get remaining months after years- Use "md" to calculate remaining days after months- Use YEARFRAC for fractional year calculations

Important Considerations

The DATEDIF function has limitations. It may provide inaccurate results for:- Employees who haven't completed a full year- Mid-year starts- Periods with leave

Date Format Requirements

Ensure dates are in the correct Excel format for accurate calculations. The TODAY function returns a serial number that Excel uses for date-time calculations.

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