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If you are switching jobs:
"I'm leaving the company" is a phrase that will require lots of courage. When pronounced at the incorrect period or in the wrong manner, it can have a very negative impact on your career. You may get a job give with another organization where the pay out is higher, but you are still uncertain if that work place will undoubtedly 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 absolve you and consider you back, nonetheless it is not guaranteed.