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If you are switching jobs:
"I'm leaving the company" is really a phrase that will require 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 give with another organization where the pay is higher, but you remain not sure if that work environment will be better then the current one. After all, it isn't all about the amount of money. What if you afterwards change your mind? After all, this is simply not a straightforward decision. Needless to say your boss can absolve you and hire you back, but it isn't guaranteed.
