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If you are switching jobs:
"I'm leaving the company" is a phrase that will require plenty of courage. When pronounced at the incorrect time or in the wrong manner, it can have a very negative impact on your profession. You can find a job give with another corporation where the pay out is higher, but you are still not sure if that ongoing work place will undoubtedly be better then the current one. After all, it is not all about the amount of money. What if you later change your mind? After all, this is simply not a straightforward decision. Needless to say your boss can absolve you and consider you back, but it isn't guaranteed.
