All the companies currently existing are continuously pushing themselves to evolve from their current state and sustain the brutally competitive world. They are devising new strategies and tools to make their operations seamless and more efficient. This is why companies resort to training and development at regular intervals to empower their workforce. They also look for potential employees who have the zeal to learn and improve their CVs. One criterion most HRs look for in potential candidates is their knowledge of MS Excel.
That brings us to the question, why Excel? MS Excel is currently the best tool for calculating, organising, and evaluating quantitative data. Every manager and senior executive uses Excel data to make all the crucial decisions about the company. On that note, here we discuss the top 8 ways MS Excel can help you climb to the top –
Sharpen your skillsets
You can use MS Excel to brush up on your existing skillset. You can use it as a word counter or make a database for your geometry homework answers. After a full-fledged Excel training, you can expect to –
- Visualise, evaluate or manipulate the data.
- Formulate equations to provide detailed data on various company functions like project efficiency, workflow, financial projections, budgets and many more.
- To manage inventory levels and control usage.
- Create a data set for upper management so they can easily decode it and make better decisions.
- Design spreadsheets to organise a huge amount of data for various departments, vendors and even customers.
- Organise and maintain complex inventory accounts and financial calculations.
- Create tracking systems and workflow processes.
Thus, they can master the skills they need to move to higher-level in their organisation quickly.
Improving productivity and efficiency
Excel is an excellent tool to boost the productivity of a company. Excel helps the employees efficiently process large chunks of data and perform complex calculations with minimal effort. Advanced knowledge of Excel presents you with a more sophisticated model to analyse and data in half the time. In addition, advanced-level Excel helps the organisation to streamline the workflow by keeping all the members up-to-date on data.
You just need to know the formula, and once you have entered the command, it will automatically perform all the calculations, freeing up your schedule to invest in other important works.
Making yourself a valuable asset to the company
In an era when most industries are trying to move into automation, it is crucial that you establish yourself as one of the most valuable members of the organisation. That will not only present you with vast opportunities to advance in your career but will also give you a much-needed job security.
The only way to do that is by training yourself to be more educated and skilled in your job. Excel is the perfect tool to help you achieve that. Moreover, they can continuously hone their Excel skills so that the organisation deems them irreplaceable. As a result, you can always stay on top of your trade and set a higher benchmark than your co-workers.
Training to be better at data organising
The most commonly used tool to organise data in MS Excel. It has a clean interface with dedicated blocks for organising data. A company collects a huge amount of data every day, which can be overwhelming for anyone to analyse in its raw form.
However, with MS Excel empowering you, you can easily organise, sort and calculate even the largest blocks of data and convert them into simple graphs or pie charts for easier understanding.
Make your job easier
You can navigate through the system more quickly as you become more proficient in MS Excel. A big USP of MS Excel is its shortcuts. It has several shortcut formulas that can help you to work a lot faster. For example, by adding or multiplying long batches of numbers in a second, you can simply select all the cells and write the formula – SUM (Cell 1: Cell 12) or PRODUCT (Cell1, Cell 3: Cell 10, Cell 12) respectively.
There are several other Excel formulas that you can find by visiting the Microsoft office suite. You can use the Excel sheet data across various programs, thus relieving you of the redundant task of re-entering information. Studies have shown that if the workers feel happy, they tend to be 20% more productive than unhappy workers. Thus, Excel excels in making you happy by making your life easier.
Excel lets you make good use of existing assets
Big companies stay equipped with a lot of modern tools and infrastructure to perform at the highest level. However, most of these tools may remain underutilised if the employees are not adequately trained to use them. Excel plays a vital role here by helping the students maximise their potential and use these tools for optimal efficiency.
For example, most companies have their own inventory management system. This software is developed based on the basics of Excel. But if the employee is not proficient in Excel, they will not be able to make the most of the asset. So, companies expect their employees to have a better grip on Excel so that they use the tools with minimal training and perform all the tasks like collecting, organising, analysing and streamlining the data.
You bear less cost to the company
If the employees already have prior knowledge or experience in MS Excel, they require minimal training to fit the job profile. Organising extensive training sessions for employees can cost companies a fortune. So, if they have already come trained in MS Excel, they spend little time getting accustomed to the system and can directly contribute to the company’s profit.
Build better relationships with other departments
If the employees have a sound knowledge of MS Excel, it takes a lot of pressure on the IT staff. Usually, they need to move from workstation to workstation, training the employees about Excel. This hampers the productivity of the IT department, and they get erratic, which affects the company morale.
If you already have a sound knowledge of Excel, the IT department can engage in more productive tasks, thus improving intra-departmental and interpersonal relationships.
As the popular saying goes, “Knowledge is Power”, and there is no better way to make yourself ready for the unknown than to train yourself with updated information. Any careerist employee always tries to learn new skills and thrive instead of stagnating in the industry. Since we are gradually moving into a more data-centric world, the necessity to learn appropriate skills has become a must. MS Excel is the perfect tool to make you ready for the advanced tools and software companies are implementing to beat the competition. So, go through the blog and push yourself to be an expert in MS Excel!
Dustin Rhodes worked as a computer application and data sciences professor for more than twelve years in a reputed college. He joined MyAssignmenthelp recently as an assignment writer. He loves playing tennis on the weekends.