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If you are switching jobs:
"I'm leaving behind the company" is a phrase that will require plenty of courage. When pronounced at the incorrect time or in the wrong manner, it can employ a negative effect on your career. You can find a working job present with another company where the pay out is higher, but you remain uncertain if that work environment will undoubtedly be better then your current one. After all, it is not all about the amount of money. What if you afterwards change your brain? After all, this is simply not a straightforward decision. Needless to say your boss can forgive you and consider you back, but it isn't guaranteed.
