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 2024.
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
Potential for 10% or 25% uplift or reduction depending on your Impact Rating.
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%)
VBG Service Revenue
25%
VBG EBITDA
10%
VBG Cash Impact
15%
Total VB Service Revenue
15%
Total VB Sales Variable Margin
10%
Customers (25%)
Relationship NPS
16.75%
Touchpoint NPS
5.75%
Analyst Appreciation
2.5%
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.