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If you are switching jobs:
"I'm leaving the company" is a phrase that will require 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 may get a job present with another firm where the pay is higher, but you remain not sure if that ongoing work environment will be better then your current one. After all, it isn't all about the amount of money. Imagine if you later on change your brain? After all, this is simply not an easy decision. Needless to say your boss can forgive you and hire you back, nonetheless it isn't guaranteed.
