Three phase induction motors have a very simple construction composed of a stator covered with electromagnets, and a rotor composed of conductors shorted at each end, arranged as a “squirrel cage”. They work on the theory of induction in which a rotating electro-magnetic field it created through the use of a three-stage current at the stators electromagnets. This in turn induces a current in the rotor’s conductors, which in turns generates rotor’s magnetic field that tries to check out stator’s magnetic field, pulling the rotor into rotation.
Benefits of AC Induction Motors are:
Induction motors are basic and rugged in structure. They are more robust and can operate in virtually any environmental condition
Induction motors are cheaper in cost due to simple rotor construction, absence of brushes, commutators, and slip rings
They are free of maintenance motors Induction in Motor unlike dc motors due to the lack of brushes, commutators and slip rings
Induction motors could be operated in polluted and explosive environments as they don’t have brushes which can cause sparks
AC Induction motors are Asynchronous Machines and therefore the rotor will not switch at the exact same speed as the stator’s rotating magnetic field. Some difference in the rotor and stator acceleration is necessary to be able to produce the induction in to the rotor. The difference between your two is named the slip. Slip should be kept within an optimal range in order for the motor to use efficiently. Roboteq AC Induction controllers could be configured to operate in one of three modes:
Scallar (or Volts per Hertz): an Open loop mode where a order causes a simultaneous, fixed-ratio Frequency and Voltage change.
Controlled Slip: a Closed Loop speed where voltage and frequency are controlled in order to keep slip inside a narrow range while operating at a 
preferred speed.
Field Oriented Control (Vector Drive): a Closed Loop Speed and Torque control that works by optimizing the rotating field of the stator vs. this of the induced field in the rotor.
Discover this video from Learning Engineering for a visual illustration on how AC Induction Motors are constructed and work.