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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 have a very negative impact on your career. You can find a job offer with another company where the pay is higher, but you remain not sure if that ongoing work environment will undoubtedly be better then the current one. After all, it isn't all about the money. What if you later on change your mind? After all, this is simply not a straightforward decision. Needless to say your boss can forgive you and consider you back, nonetheless it is not guaranteed.
