Induction is the process of welcoming new employees and preparing them for their new roles, while socialization is the process of learning throughout life that influences behavior. The presentation discusses induction, its objectives to increase confidence and understanding of company culture, and types of formal and informal induction programs. It also covers the stages of socialization as employees adjust their expectations and learn the new organization's rules and processes. In conclusion, induction and socialization are important for integrating new employees and building connections within an organization.