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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 wrong time or in the wrong manner, it can employ a negative effect on your profession. You can find a job present with another business where the pay out is higher, but you remain uncertain if that work environment will be better then your current one. After all, it isn't all about the money. Imagine if you change your mind later? After all, this is not a straightforward decision. Needless to say your boss can absolve you and take you back, nonetheless it is not guaranteed.
