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If you are switching jobs:
"I'm leaving the company" is really a phrase that will require a lot of courage. When pronounced at the incorrect time or in the wrong way, it can employ a negative impact on your profession. You can find a working job give with another firm where the pay out is higher, but you remain not sure if that ongoing work environment will be better then the current one. After all, it is not all about the money. Imagine if you change your mind later? After all, this is not an easy decision. Needless to say your boss can absolve you and take you back, but it isn't guaranteed.
