$$\vec{p}_\text{ind} = \alpha \vec{E}$$
The induced dipole moment is the polarizability times the electric field vector.
$$\vec{P}(\omega) \propto \chi^{(1)}(\omega) \vec{E}(\omega)$$
The polarization is proportional to the susceptibility times the electric field vector.
In spectroscopy we used the dipole approximation. Unfortunately, I often mix up the different formulas. Is there a relationship between both formulas, or do both equations tell us exactly the same thing?