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If you are switching jobs:
"I'm leaving the company" is really a phrase that will require lots of courage. When pronounced at the wrong time or in the wrong manner, it can employ a negative effect on your career. You can find a job offer with another organization where the pay is higher, but you are still not sure if that work environment will be better then the current one. After all, it isn't all about the money. Imagine if you change your mind later? After all, this is simply not an easy decision. Needless to say your boss can absolve you and consider you back, but it isn't guaranteed.
