I manage hundreds of Macs. Just wanted to add that these management profiles don't say much about what you can and can't do and what your company can do. You have to go through each of them to see what they do (the management one is just the master one, there will be tons more which specify exactly what is restricted and/or enforced). Apple is very good at privacy protection, asking the user for permission even on managed machines, which can be bypassed with certain profiles but it's pretty tough to do. I personally take this as a sign to think long and hard about whether I really should.
Co-usage is just a thing these days. A little trust in your employees is also important. Usually these profiles just mandate some basics like password complexity, disk encryption and they set standard settings like WiFi and printers so you don't have to bother figuring all that stuff out. And it will install applications you need and security stuff.
And don't forget, a password complexity profile on a Mac will apply to all accounts created on it. Even ones created by the user. Many things work like this, on a machine level. It's more about establishing a security baseline than tying the users' hands.