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If you are switching jobs:
"I'm leaving the company" is a phrase that requires plenty of courage. When pronounced at the incorrect period or in the wrong manner, it can employ a negative effect on your profession. You can find a working job give with another organization where the pay out is higher, but you remain not sure if that work environment will be better then the current one. After all, it isn't all about the money. What if you later on change your mind? After all, this is not a straightforward decision. Of course your boss can forgive you and take you back, but it isn't guaranteed.
