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