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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 wrong period or in the wrong manner, it can have a very negative effect on your career. You can find a job give with another organization where the pay out is higher, but you remain not sure if that work environment will be better then your current one. After all, it is not all about the money. Imagine if you later change your mind? After all, this is simply not a straightforward decision. Needless to say your boss can absolve you and consider you back, but it is not guaranteed.
