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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 employ a negative effect on your career. You may get a job present with another company where the pay out is higher, but you remain uncertain if that ongoing work environment will undoubtedly be better then your current one. After all, it isn't all about the money. What if you later on change your brain? After all, this is not an easy decision. Needless to say your boss can forgive you and consider you back, nonetheless it is not guaranteed.
