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With that in mind, consider getting coaching or consulting certification. Besides boosting credibility, it can also help increase rates.

Sony is not the first company to take such a step. Indie label Beggars Group, which is home to acts like Grimes, Jarvis Cocker and The xx, has previously written off unrecouped balances on older contracts. However, Sony is the only major label to do so.

But the current pandemic is a rare crisis demanding the use of such waivers, he said. “If we cannot use it now, then when? The solution and the answer is clear. It has to be waived,” he said.

Contribute to a workplace retirement plan.