This study was undertaken to explore the job satisfaction of lecturers. Present research compared job satisfaction of 30 contractual and 35 permanent lecturers on pay, promotion, supervision, fringe benefits, coworkers, nature of work, communication, contingent & rewards and operating conditions. These aspects of working environment contribute as factors of job satisfaction. Results indicated that there is significant difference between the contractual and permanent lecturer’s job satisfaction on the pay, fringe benefits and contingent & reward aspects. As the job satisfaction of lecturers can directly affect students and classroom so it is recommended that there should be permanent lecturers in govt. higher secondary schools so that their satisfaction can produce good results.