If you are the boss, what would you do in the following situation?

Analyze the situation, set up a negotiation strategy and write it down no more than 200 words.

You have interviewed a prospective new employee who could be a key member of your team. The new persons required salary would compromise the integrity of your salary structure, because it is 20% higher than your most senior performer who has been with the company for over 10 years. Finances are tight, yet you believe this person could make a significant impact on future profits. If you paid the required salary for the new person, it would eliminate bonuses for all your staff that you feel theyve earned this year. Youve been searching for an individual with this skill level for three months.