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If you are switching jobs:
"I'm leaving the company" is a phrase that requires a lot of courage. When pronounced at the wrong period or in the wrong way, it can employ a negative effect on your profession. You can find a job offer with another organization where the pay is higher, but you remain uncertain if that work environment will undoubtedly be better then your current one. After all, it is not all about the amount of money. What if you later change your mind? After all, this is not a straightforward decision. Of course your boss can absolve you and hire you back, nonetheless it is not guaranteed.
