The Importance Of Excel In The Workplace

Excel is perhaps the most important computer software program used in the workplace today. That’s why so many workers and prospective employees are required to learn Excel in order to go into or keep in the workplace.

From the viewpoint of the employer, particularly those in the field of information systems, the use of Excel as an end-user computing tool is basic. Not only are many business professionals using Excel to perform everyday functional responsibilities in the workplace, an increasing number of employers rely on Excel for decision sustain.

In general, Excel dominates the spreadsheet product industry with a market proportion estimated at 90 percent. Excel 2007 has the capacity for spreadsheets of up to a million rows by 16,000 columns, enabling the user to import and work with enormous amounts of data and unprotected to faster calculation performance than ever before.

Outside the workplace, Excel is in general use for everyday problem solving.

Let’s say you have a home office. You can use Excel to calculate sales tax on a buy, calculate the cost of a trip by car, create a temperature converter, calculate the price of pizza per square inch and do examination of inputted data. 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 time of action of applying for a mortgage on a new house. The personal uses for Excel are almost as endless as the business uses for this software – and an Excel tutorial delves into the functional uses of the program for personal and business use.

The use of spreadsheets on computers is not new. Spreadsheets, in electronic form, have been in existence since before the introduction of the personal computer. Forerunners to Excel and Lotus 1-2-3 were packages such as VisiCalc, developed and modeled on the accountant’s financial ledger. Since 1987, spreadsheet programs have been impacting the business world. Along the way, computerized spreadsheets have become a pervasive and increasingly effective tool for comparative data examination throughout the world.

Today, end users use Excel to create and modify spreadsheets in addition as to author web pages with links and complicate formatting specifications. They create macros and scripts. While some of these programs are small, one-shot calculations, many are much more basic and affect meaningful 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 important of end users and business professionals.

The beauty of Excel is that it can be used as a receiver of workplace or business data, or as a calculator, a decision sustain tool, a data converter or already a characterize spreadsheet for information interpretation. Excel can create a chart or graph, function in conjunction with Mail Merge roles, import data from the Internet, create a concept map and sequentially rank information by importance.

Excel offers new data examination and visualization tools that assist in analyzing information, seeing trends and accessing information more easily than in the past. Using conditional formatting with high data characterize schemes, you can estimate and illustrate important trends and highlight exceptions with colored gradients, data bars and icons.

Indeed, Excel can be customized to perform such a wide variety of roles that many businesses can’t function 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 with the times.

Let’s say you’re an employer with 97 workers, 17 of whom called in sick today, and you want to know the percentage represented by absentees. Excel can do that. You can learn Excel and use it to determine the ratio of male to female employees, the percentage of minorities on the payroll, and the ranking of each worker by compensation package amount, including the percentages of that package according to pay and benefits. You can use Excel to keep track of production by department, information that may assist you in future development plans. You can create additional spreadsheets to track data on vendors and customers while maintaining an current inventory of product stock.

Let’s say you want to know your business production versus cost. You don’t have to be a math wiz – you just have to learn Excel. Excel allows you to input all of the data, analyze it, sort it according to your customized format, and characterize the results with color, shading, backgrounds, icons and other gimmicks that offer time-saving assistance in later locating precisely the information desired. If this spreadsheet is for presentation purposes, Excel helps you put it together in such a visually alluring way that the data may seem to pop and sparkle.

The single most important thing an employer may do is learn Excel – it is one of the most basic tools of the workplace.

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

Leave a Reply