Job Satisfaction and Performance: The Moderating Effects of Value Attainment and Affective Disposition Wayne A. Hochwarter College of Commerce and Business Administration, The University of Alabama Pamela L. Perrewe ´ College of Business, The Florida State University Gerald R. Ferris Institute of Labor and Industrial Relations, University of Illinois at Urbana-Champaign and Robert A. Brymer College of Business, The Florida State University The job satisfaction–performance relationship is one of the most frequently examined in the organizational sciences, yet one of the least successfully resolved. Research in the area of subjective well-being suggests that the experience of work is multifaceted (Diener, 1984). Acknowledging the complexity and perhaps multifaceted nature of the job satisfaction–performance relationship might lead to more fruitful efforts to understand the dynamics of this association. In this study, we hypothesized and found support for the contention that value attainment and affective disposition would demonstrate complex interactions with performance and satisfaction. The sample consisted of 270 managerial personnel of national hotel chains located across the United States. Three-way interactions demonstrated that the strongest positive relationship between job satisfaction and perfor- mance occurred when high value attainment was coupled with either high positive or low negative affective disposition. Implications of these results and directions for future research are discussed. © 1999 Academic Press Intuitively, it stands to reason that the best performers would be the most satisfied with their job (p 3 s) and that the most satisfied would exemplify the best performers (s 3 p). The relationship between these variables has received Address correspondence and reprint requests to Wayne A. Hochwarter, College of Commerce and Business Administration, Box 870225, Tuscaloosa, AL 35487-0225. Fax: (205) 348-6695. E-mail: whochwar@alston.cba.ua.edu. Journal of Vocational Behavior 54, 296 –313 (1999) Article ID jvbe.1998.1659, available online at http://www.idealibrary.com on 296 0001-8791/99 $30.00 Copyright © 1999 by Academic Press All rights of reproduction in any form reserved.