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:
As calculated on 31 March 2023
Your target bonus
This is a percentage of your GTCE
Business performance multiplier
0% – 200%
Your business multiplier will be between 0% and 200%, and will be based on 70% local market and 30% Vodacom Group performance. The multiplier will be determined based on business measures and non-financial measures.
For Vodacom Group, the weighting is as follows:
Free cash flow
Customer appreciation KPIs
Your performance measure will be weighted 70% Local Market and 30% Vodacom 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 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.
How much could it be worth?Use our helpful bonus calculator to find out how much your bonus could be worth.
Find out the answers to some of our more frequently asked questions.