Want to know more about our operations in a specific country?

Please choose a location from the list below. If your chosen location doesn’t have an active link to additional careers information, you can still find jobs for the location here.

Want to know more about our operations in a specific country?

Please choose a location from the list below. If your chosen location doesn’t have an active link to additional careers information, you can still find jobs for the location here.

About GSTIP

Our Global Short Term Incentive Plan (GSTIP) is a discretionary cash bonus plan designed to drive exceptional performance across Vodacom and reward you for your commitment and contribution during the year.

The bonus calculation operates as follows

Your GTCE

As calculated on 31 March 2023

Your target bonus

This is a percentage of your GTCE

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

Financial year

The performance year for the GSTIP follows our financial year which runs from 1 April to 31 March each year.

Eligibility

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

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% 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:

Service revenue

25%

EBIT

25%

Free cash flow

25%

Customer appreciation KPIs

25%

Further details

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Calculating performance

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