Dear Mr Nathrao,
What you say is correct, albeit, theoretically. Owners of the company have complete authority to make the rules of their choice. Employees have no choice but to abide with the rules or just quit. Nevertheless, this school of thought was compatible with pre-liberation era. Post 1991, lot of social changes have come up and today the world is far more informal. Therefore, what remains to be seen is that to what extent authoritarian ruling of this kind will help the owners in building consonance with the generation of 21st century. Onset of social media has evolved the society in almost every country. Evolution of the society because of social media is so comprehensive that a country like Great Britain known for its stiff-lipped citizens has also become far more informal.
Getting the right candidate is a big challenge today. Add up to this is challenge of retaining employees. Wide availability of the opportunities or avenues have made job candidates choosy. As early as 2004, when I wanted to recruit Accounts Asst, I had approached a job candidate. The chap tersely replied that he would look at the website of the company and then decide whether he would like to join on not. Few candidates spurned back-end jobs of the hotel because of the uniform that they were expected to wear. Lot of water has flown under the bridge of job market since then.
Therefore, by creating rules that are inconsistent with today's culture, will we be staving off worthy candidates is a question on which owners need to moot on. Few IT/BPO companies have gone still further and have allowed informal outfits on all days. Against this backdrop, withdrawing the facility of casual wear on sixth day is almost anachronistic.
We do not know in what context the post has been given and that is why I have asked few questions to the poster of this post. Unless poster comes up with their replies, we cannot make any judgements. Conformance to the conventions sounds good but if it hinders the growth of the company, then whether to continue with it or not is a call that owners have to take.
Thanks,
Dinesh Divekar