I believe that recognition should be an all-day, everyday activity, rather than being relegated to a monthly meeting. It's tough to be out there in the trenches, and people need to be told that they're doing well. Everyone else who happens to be in the office at the time needs to know. Sally may blush, but she also feels pretty good about herself. And that's the way it should be.
Teamwork is important.
Keep a bowl on your desk where agents can drop in their name to be recognized for helping their fellow agents. Each month, have a drawing, and present something to the winning agent. Also single out an agent you've noticed displaying exemplary teamwork that month. They're all worthy, but it's important to recognize individuals and to share their individual story with their peers. Believe It Have confidence in your ideas.