Induct (verb)

1. To formally admit or initiate (someone) into an organization, office, or profession; to install (someone) in an office or position.
2. To formally introduce or teach (someone) the principles, rules, or duties of an organization or profession.

Origin:

From latin inducere ("to lead in, to bring in, to introduc.e")

Examples:

1. The new employee was inducted into the company with a formal ceremony.
2. She was inducted into the Hall of Fame for her contributions to the sport.
3. He was inducted into the military with a ceremony at the base.
4. The company inducted the new hires into their training program.
5. The new president was inducted into office with a ceremony at the Capitol.