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If you are switching jobs:
"I'm leaving the company" is a phrase that will require a lot of courage. When pronounced at the wrong time or in the wrong way, it can employ a negative effect on your career. You may get a working job give with another firm where the pay is higher, but you remain uncertain if that work environment will be better then your current one. After all, it isn't all about the money. Imagine if you later change your brain? After all, this is simply not an easy decision. Of course your boss can absolve you and hire you back, but it is not guaranteed.
