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If you are switching jobs:
"I'm leaving the company" is really a phrase that requires a lot of courage. When pronounced at the incorrect time or in the wrong way, it can have a very negative impact on your profession. You can find a working job offer with another corporation where the pay out is higher, but you remain uncertain if that ongoing work environment will be better then your current one. After all, it is not all about the amount of money. What if you change your mind later? After all, this is not a straightforward decision. Of course your boss can absolve you and take you back, nonetheless it isn't guaranteed.