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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 wrong time or in the wrong manner, it can have a very negative impact on your profession. You may get a job present with another firm where the pay is higher, but you are still uncertain if that ongoing work place will undoubtedly be better then the current one. After all, it isn't all about the money. Imagine if you later on change your mind? After all, this is not an easy decision. Needless to say your boss can absolve you and take you back, nonetheless it isn't guaranteed.
