This paper presents a brief sketch of the historical trends reflected in the earlier investigations, which laid a strong foundation for the study of job satisfaction. Job satisfaction has been studied extensively by industrial sociologists, psychologists, experts in management, organizational behavior, and human resources to review the gratification levels among the employees on the job, particularly to measure and increase the quality and productivity. Hence, an attempt is made to analyze the concept of job satisfaction, keeping in view its dimensions and determinants. The following paper aims to discuss and un derstand the significance of job satisfaction and its implications for work organizations and society at large. To study and measure the level of job satisfaction among individuals is a much-needed process as the individuals spend most of their waking life on the job which would have an impact on the other institutions of social structure as well. Recently efforts are being made to study general well-bein g which consists of job satisfaction as a part of it, as these trends would shape the future of the job market and society. It also elucidates the relationship between job satisfaction and productivity and organizational performance in a work context. Apart from these, factors influencing job satisfaction and variables of it are also taken into account for the discussion