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                                                                      Exhibit 11

                        TALX CORPORATION AND SUBSIDIARIES
              STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
                    Three Months Ended June 30, 1999 and 1998

<TABLE>
<CAPTION>
                                                                               Three Months Ended June 30,
                                                                            -----------------------------------
                                                                                  1999              1998
                                                                            -----------------  ----------------
<S>                                                                         <C>                <C>
Basic Earnings Per Share:

Actual shares outstanding - beginning of period                                    5,505,017         5,316,032
Weighted average number of common shares issued (1)                                   23,690             9,044
                                                                            -----------------  ----------------
Weighted average number of common shares outstanding - end of period               5,528,707         5,325,076
                                                                            =================  ================

Net earnings:                                                                   $    486,000       $    44,000
                                                                            =================  ================

Basic earnings per common share:                                                $       0.09       $      0.01
                                                                            =================  ================



Diluted Earnings Per Share:

Actual shares outstanding - beginning of period                                    5,505,017         5,316,032
Weighted average number of common shares issued (1)                                  102,261           190,735
                                                                            -----------------  ----------------
Weighted average number of common shares outstanding - end of period               5,607,278         5,506,767
                                                                            =================  ================

Net earnings:                                                                   $    486,000       $    44,000
                                                                            =================  ================

Diluted earnings per common share:                                              $       0.09       $      0.01
                                                                            =================  ================

</TABLE>



(1)    Basic and diluted earnings per share has been computed using the number
       of shares of common stock and common stock options and warrants
       outstanding. The weighted average number of shares is based on common
       stock outstanding for basic earnings per share and common stock
       outstanding and common stock options and warrants for diluted earnings
       per share in periods when such common stock options and warrants are not
       antidilutive.




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