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If you are switching jobs:
"I'm leaving the company" is really a phrase that will require plenty of courage. When pronounced at the incorrect period or in the wrong manner, it can have a very negative effect on your profession. You may get a working job offer with another company where the pay out is higher, but you remain uncertain if that ongoing work place will be better then your current one. After all, it is not all about the money. Imagine if you change your mind later? After all, this is simply not a straightforward decision. Needless to say your boss can forgive you and hire you back, nonetheless it is not guaranteed.
