Group

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.

The bonus calculation operates as follows:

Your base salary

As calculated on 31 March 2023

Your target bonus

This is a percentage of your base salary

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 100% Group performance. The multiplier will be determined based on business measures and non-financial measures.

For Group, the weighting is as follows:

Service revenue

25%

EBIT

25%

Free cash flow

25%

Customer appreciation KPIs

25%

Further details

Calculating performance

How much could it be worth?

Use our helpful bonus calculator to find out how much your bonus could be worth.

FAQs

Find out the answers to some of our more frequently asked questions.

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