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