The study of job satisfaction is justified on the basis of its potential value of understanding and in generating the positive outcomes from both the organisational and individual perspectives. The understanding could be used in crafting strategies for organisational human resource policies. The present study was conducted on the hospital employees as they are one of the most important stakeholders in hospitals to probe the factors influencing their job satisfaction. Factor analysis was performed using principal component analysis (PCA) method for extracting factors to establish characteristic components of the job satisfaction variables measured. By examining the extent of variability in the employees’ job satisfaction explained by the factors determined, the study further identified the correlation of each resulted factor with the job satisfaction scores. The study was employed on a sample of 129 employees of the private hospitals of Manipur in India showing significant association between job satisfaction of employees and the key factors comprising job satisfaction.