Albania 
Czech Republic 
Deutschland 
Greece 
Ireland 
Italy 
Luxembourg 
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 recognise and reward individual impact during the year.
The bonus calculation operates as follows:
Your base salary
As calculated on 31 March 2025.
Your target bonus
Set out as a percentage of your salary and based on your band and local market.
Business performance multiplier
Calculated based on a Business Performance range of 0-200% which is applied to your target bonus percentage.
Individual impact
Your individual multiplier may vary between 75% and 125% depending on your Impact Rating.
*Please note: Reward implications regarding individual impact and minimum performance standards are not applicable to employees in Vodafone Germany and VGSG as the full Grow My Impact implementation is subject to workers council approval.
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
Minimum Performance Standards
To receive a bonus you must meet minimum performance standards as defined by your local market.
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% Vodafone Business, 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 Vodafone Business, the weighting is as follows:
Financials (75%)
Vodafone Business Service Revenue
20%
Vodafone Business Adjusted EBIT
15%
Vodafone Business Cash
10%
Vodafone Business Beyond Connectivity Service Revenue
30%
Customers (25%)
CXX
25%
Your performance measures will be weighted 70% on Vodafone Business performance and 30% on Group performance.
The performance under each measure, which is capped at 200%, will be multiplied by its relevant weighting to give a final business multiplier percentage. End-of-year results will communicate business performance against both maximum opportunity (0%-100%) and target performance (0%-200%), the latter of which is what will be applied to your target bonus percentage.
- The Remuneration Committee approves the final GSTIP outcomes and these are released in late May after the announcement of our year-end results.
Our historical outcome for previous financial years are as follows:
- FY25 = 55.9% of maximum target performance (111.7% of target)
- FY24 = 67.1% of maximum target performance (134.1% of target)
