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A highly experienced candidate is offered a salary much higher than other employees who do the same job. How can the pay disparity be best

A highly experienced candidate is offered a salary much higher than other employees who do the same job. How can the pay disparity be best resolved to satisfy both the new and the existing employees?
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Hire the new employee, and explain to the other employees the new hire has more experience and is a better performer.
Offer the new employee a lower salary, but move up the review time to provide a performance-based raise.
Give all the other employees raises, so their pay rates will match the new employee's pay rate.
Do not hire the new employee, because being fair to all the other employees outweighs the needs of one individual.
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