The present investigation has been carried out to study the teachers’ effectiveness and job satisfaction among Secondary School Teachers. For this purpose a sample of 1000 teachers was randomly selected from the Secondary Schools of Punjab. Teacher Effectiveness Scale by Kumar & Mutha (1999) and Ojha's study of values (1996) scale were used. Job satisfaction of the teachers was evaluated by using Sharma and Singh’s Job Satisfaction Scale was used. The findings of the study reveal that highly effective and less effective teachers differ significantly on the basis of their job satisfaction. Highly effective teachers are significantly more satisfied with their job as compared to less effective teachers. Job satisfaction has a positive correlation with positive correlation with teachers’ effectiveness. It is suggested that in order to raise the effectiveness of teachers their job satisfaction must be enhanced.