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If you are switching jobs:
"I'm leaving the company" is a phrase that will require plenty of courage. When pronounced at the wrong time or in the wrong manner, it can employ a negative effect on your profession. You may get a job give with another organization where the pay out is higher, but you are still not sure if that work place will undoubtedly be better then the current one. After all, it is not all about the amount of money. What if you later on change your mind? After all, this is not a straightforward decision. Of course your boss can absolve you and hire you back, but it is not guaranteed.
