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If you are switching jobs:
"I'm leaving the company" is really a phrase that requires lots of courage. When pronounced at the wrong time or in the wrong way, it can employ a negative effect on your profession. You can find a job offer with another firm where the pay out 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. What if you change your mind later? After all, this is simply not an easy decision. Needless to say your boss can forgive you and hire you back, but it isn't guaranteed.
