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If you are switching jobs:
"I'm leaving the company" is really a phrase that requires plenty of courage. When pronounced at the wrong period or in the wrong manner, it can have a very negative effect on your profession. You can find a working job give with another business where the pay out is higher, but you are still uncertain if that work place will undoubtedly be better then the current one. After all, it is not all about the money. What if you later change your brain? After all, this is not a straightforward decision. Needless to say your boss can absolve you and hire you back, but it is not guaranteed.
