Albania 
Czech Republic 
Germany 
Greece 
Hungary 
Ireland 
Italy 
Netherlands 
Portugal 
Romania 
Spain 
United Kingdom 
Asia-Pac Middle East 
Turkey 
DR Congo 
Egypt 
Ghana 
Kenya 
Lesotho 
Mozambique 
Nigeria 
South Africa 
Tanzania 
About GSTIP
Our Global Short Term Incentive Plan (GSTIP) is a discretionary cash bonus plan designed to drive exceptional performance across Vodafone and reward you for your commitment and contribution during the year. You can find out more by watching this short video.
The bonus calculation operates by multiplying the following:
Your base salary
As calculated on 31 March 2023
Your target bonus
Business performance multiplier
Business performance multiplier
0% – 200%
The details
The GSTIP is an annual discretionary plan which is paid in cash after the end of the performance period.
Financial year
The performance year for the GSTIP follows our financial year which runs from 1 April to 31 March each year.
Eligibility
To be eligible for a bonus payout you must have joined Vodafone on or before 1 March during the performance year and be employed with us at the point of bonus payment date
Payout
You will receive your bonus payout in June following the end of the performance year.
Business performance
Your business multiplier will be between 0% and 200%, and will be based on 70% Egypt, 30% group performance. The multiplier will be determined based on business measures and non-financial measures.
You can view the weighting of these measures for the Group portion of the multiplier here. For Egypt, the weighting is as follows:
Service revenue
25%
EBIT
25%
Free cash flow
25%
Customer appreciation KPIs
25%
- Your performance measures will be weighted 70% on local performance and 30% on Group performance.
- For performance below threshold there is no payout.
- The performance under each measure, which is capped at 200%, will be multiplied by its relevant weighting to give a final business multiplier percentage.
- Financial Planning and Analysis are responsible for calculating any financial measures.
- The achievement of any strategic measures or customer appreciation KPIs will be assessed by the Group CEO, Group CHRO and Group CFO with input from the Regional CEO and Group CCO. The key metrics in this assessment are Churn, Revenue Market Share and Net Promoter Score.
- The Remuneration Committee approves the final GSTIP outcomes and these are released in late May after the announcement of our year-end results.
