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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 period or in the wrong manner, it can have a very negative effect on your career. You can find a job offer with another organization where the pay is higher, but you remain uncertain if that work place will undoubtedly be better then the current one. After all, it is not all about the amount of money. Imagine if you afterwards change your mind? After all, this is simply not an easy decision. Needless to say your boss can forgive you and hire you back, nonetheless it is not guaranteed.
