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If you are switching jobs:
"I'm leaving the company" is a phrase that will require lots 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 present with another business where the pay is higher, but you remain uncertain if that work environment will undoubtedly be better then the current one. After all, it is not all about the money. What if you change your mind later? After all, this is not an easy decision. Needless to say your boss can absolve you and hire you back, nonetheless it is not guaranteed.