Induction (noun)

1. The process of introducing someone into a new job or position.
2. The process of reasoning by which a general conclusion is drawn from specific examples.
3. The process of formally admitting someone into membership of a society, organization, or profession.

Origin:

Late middle english, from latin inductio(n-), from inducere "bring in, lead on".

Examples:

1. The induction ceremony for the new employees was held in the company auditorium.
2. The induction of the new students into the university was a well-organized event.
3. The induction of the new president was marked by a speech and a reception.
4. The induction of the new member into the club was a joyous occasion.
5. The induction of the new doctor into the medical society was a significant milestone.