Other than your boss acknowledging you in private but not in public, is there something actually malicious that occurred between you two not shared in your post?
If the only reason why you are thinking of leaving is because your boss does not publicly give you credit, my question to you is are you so sure, your perceived lack of recognition is out of intentional malice? There are so many worse reasons to leave that people experience like habitual harassment, racism, hostile workplace, open embarrassment. So it concerns me that you want to scare him as a threat to leave. Your approach to threatened to quit is not a good move. And could end you up in a worse unintended environment to the point you might be begging him to come back. So yes, really weigh your options and think this through before you proceed. Yes apply for other jobs and promotions if you think you outgrew the environment and or want more pay and a greater challenge aligned with your career track. But there is no way you can predict how well or often you will be recognized for good work on a future job. Even if you inquire about it during an interview, no mgr is going to openly admit to not acknowledging their staff. Heck you can go into a new job and completely suck at it, then what. This is in addition to some of the several anxieties you pointed out in your post.
It is possible your boss is rational, well-meaning and just has not carve out the time to recognize his staff in general. Have you tried to talk to him on a 1 on 1 when he says the company would fall apart without you, then try to address out of curiosity, not frustration, hey I really appreciate the comment, but I would really appreciate it even more if you publicly recognize staff like in a townhall or team meeting to acknowledge their efforts? Make it about the team. If you have not tried to have the conversation and you are just assuming he is doing this out of malice, especially after he complimented you in private is not making sense to me. Keep in mind, managers can have alot of things on their mind, especially in meetings, making sure they hit all the critical points. So offer up setting up quarterly meetings for staff recognition as an idea so you dont come across as self-absorbed.
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