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If you are switching jobs:
"I'm leaving the company" is a phrase that requires plenty of courage. When pronounced at the incorrect period or in the wrong manner, it can employ a negative effect on your career. You can find a job give 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 money. What if you later on change your brain? After all, this is not an easy decision. Of course your boss can forgive you and take you back, but it isn't guaranteed.
