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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 incorrect time or in the wrong manner, it can have a very negative effect on your profession. You may get a job offer with another organization where the pay out is higher, but you are still not sure if that ongoing work place will undoubtedly be better then your current one. After all, it is not all about the money. Imagine if you afterwards change your mind? After all, this is not an easy decision. Of course your boss can forgive you and take you back, but it is not guaranteed.
