Induction training is a type of training given as an initial preparation upon taking up a post. To help new people get to work initially after joining a firm, a brief programme of this training can be delivered to the new worker as a way to help integrate the new employee, both as a productive part of the business, and socially among other employees.[1] It often contains information dealing with the layout of the firm's operating facility, health and safety measures and security systems. An attempt may also be made to introduce the individual to key employees and give an impression of the culture of the organisation, it is a critical time for the employer to gain commitment from the employee, and the latter to understand the expectations, targets and so on. The induction provides a really good opportunity to socialise and brief the newcomer on the company's overall strategy, performance standards, etc. Induction training should, according to TPI-theory, include development of theoretical and practical skills, but also meet interaction needs that exist among the new employees.[2]
This training is done systematically and is often the responsibility of the immediate supervisor to make sure that its done smoothly. If carefully done, it will save time and cost(in terms of faulty products or poor services, etc.). It is imperative that managers place their authority and power to make sure that the new employee is carefully helped to adjust to the new work surroundings and culture.

http://en.wikipedia.org/wiki/Induction_training