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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 incorrect time or in the wrong manner, it can employ a negative effect on your career. You may get a job offer you with another company where the pay is higher, but you are still uncertain if that ongoing work place will be better then your current one. After all, it is not all about the amount of money. Imagine if you afterwards change your brain? After all, this is simply not a straightforward decision. Needless to say your boss can absolve you and take you back, but it isn't guaranteed.