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If you are switching jobs:
"I'm leaving the company" is really 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 can find a working job offer with another corporation where the pay is higher, but you remain uncertain if that ongoing work environment will be better then the current one. After all, it is not all about the money. What if you change your brain later? After all, this is simply not an easy decision. Needless to say your boss can forgive you and take you back, nonetheless it isn't guaranteed.
