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If you are switching jobs:
"I'm leaving the company" is a phrase that requires plenty of courage. When pronounced at the incorrect period or in the wrong manner, it can have a very negative impact on your career. You can find a working job offer you with another business where the pay out is higher, but you are still uncertain if that work place will be better then your current one. After all, it isn't all about the money. What if you change your brain later? After all, this is simply not an easy decision. Of course your boss can forgive you and consider you back, nonetheless it is not guaranteed.
