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If you are switching jobs:
"I'm leaving the company" is really a phrase that will require plenty of courage. When pronounced at the incorrect time or in the wrong way, it can have a very negative impact on your profession. You may get a job give with another company where the pay is higher, but you remain not sure if that work place will be better then your current one. After all, it is not all about the 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 isn't guaranteed.