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If you are switching jobs:
"I'm leaving behind 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 working job present with another company where the pay out is higher, but you remain uncertain if that work environment will be better then the 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 simply not a straightforward decision. Needless to say your boss can absolve you and take you back, but it is not guaranteed.
