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If you are switching jobs:
"I'm leaving the company" is a phrase that requires lots of courage. When pronounced at the incorrect period or in the wrong way, it can employ a negative effect on your profession. You can find a job present with another firm where the pay is higher, but you remain uncertain if that ongoing work environment will undoubtedly 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 simply not an easy decision. Of course your boss can forgive you and consider you back, but it is not guaranteed.
