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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 wrong time or in the wrong manner, it can have a very negative effect on your profession. You can find a working job offer with another firm where the pay out is higher, but you are still uncertain if that work place will be better then the current one. After all, it isn't all about the money. Imagine if you afterwards change your mind? After all, this is simply not an easy decision. Of course your boss can absolve you and hire you back, but it isn't guaranteed.
